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Open-end mortgage
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Open-end mortgageMortgage against which additional debts may be issued.
RELATED TERMS--------------------------------------
Mortgage
A loan, usually to buy property, which serves as security for the loan; to take out a loan with a property as security.
SIMILAR TERMS--------------------------------------
Open
Used in the context of general equities. Having either buy or sell interest at the indicated price level and side of a preceding trade. "Open on the buy-sell side" means looking for buyers-sellers (for someone who is a seller-buyer).
Open account
Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in the sales ledger.
Open contracts
Contracts that have been bought or sold without completion of the transaction by subsequent sale or purchase, or by making or taking actual delivery of the financial instrument or physical commodity.
Open depending on the floor
Used for listed equity securities. Having room for a customer buyer or seller contingent on the results of a trade being executed on the floor (i.e., satisfying the specialist book and the orders the trader opened up).
Open ended investment company
A type of company or fund in the UK that is structured to invest in other companies with the ability to adjust constantly its investment criteria and fund size.
Open interest
The total number of derivatives contracts traded that have not yet been liquidated either by an offsetting derivative transaction or by delivery.
Open listing
A property that is simultaneously marketed by multiple real estate agents.
Open market operation
Purchase or sale of government securities by the monetary authorities to increase or decrease the domestic money supply.
Open market purchase operation
A systematic program of repurchasing shares of stock in market transactions at current market prices, in competition with other prospective investors.
Open market rates
Interest rates that are determined in the open market by supply and demand.
Open market transaction
An order placed by an insider, after all appropriate documentation has been filed, to buy or sell restricted securities openly on an exchange.
Open offer
An open offer, also known as an entitlement issue, is an offer made by a quoted company to its shareholders inviting them to buy new shares in the company at a set price, which is normally lower than the current market price.
Open on the print
Used in the context of general equities. Block trader's term for a block trade that has been completed with an institutional client and printed on the consolidated tape, but leaves the block trader with stock available (because the trader has taken a long or short position to complete the trade) for new customers who are on the opposite side of the market to the initiating customer.
Open order (good-till-cancelled, GTC order)
Order to buy or sell a security that stays active until it is completed or the investor cancels it.
Open outcry
The method of trading used at futures exchanges, typically involving calling out the specific details of a buy or sell order, so that the information is available to all traders.
Open policy
A marine cargo insurance policy issued to cover various unspecified exports over the life of the policy.
Open position
A net long or short position whose value will change with a change in prices.
Open repo
A repurchase agreement with no definite term.
OPEN Telecommunications Limited
OPEN Telecommunications Limited is a large Australian company in the field of software and services. Their Australian Stock Exchange (ASX) code is OTT.
Open Text Corp.
Open Text Corp. is one of Canada's largest companies.
Open up
Used in the context of general equities. Disclose more information (e.g., the exact price and quantity of one's potential interest).
Open-end credit
Revolving line of credit that is extended with every purchase or cash advance.
Open-end fund
Used in the context of general equities. Mutual fund that continually creates new shares on demand.
Open-end indenture
A term in a bond contract that allows the bond issuer to guarantee the collateral used to back the bond issue on any number of other bond issues.
Open-end lease
A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property.
Open-end management company
A company that distributes and redeems securities it issues.
Opening
The period at the beginning of the trading session officially designated by an exchange, during which all transactions are considered made "at the opening."
Opening Automated Report Service
Provides improved accuracy and efficiency for handling certain orders sent before trading opens. OARS receives, stores, and continuously tabulates market orders up to a specified size routed through the common message switch.
Opening bank
A bank which establishes a letter of credit.
Opening bell
A bell that rings to signify the day's start of trading on a securities exchange.
Opening price
The range of prices at which the first bids and offers are made or the first transactions are completed on an exchange.
Opening purchase
Creation of or increase in a long position in a given series of options.
Opening sale
Creation of or increase in a short position in a given series of options.
Opening transaction
Applies to derivative products. 1) Buy or sell transaction that creates a position out of a flat one (writing an option short or buying an option long). 2) First transaction of the day in a stock.
PREVIOUS AND NEXT TERMS--------------------------------------
Open-end credit
Revolving line of credit that is extended with every purchase or cash advance.
Open-end fund
Used in the context of general equities. Mutual fund that continually creates new shares on demand.
Open-end indenture
A term in a bond contract that allows the bond issuer to guarantee the collateral used to back the bond issue on any number of other bond issues.
Open-end lease
A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property.
Open-end management company
A company that distributes and redeems securities it issues.
Open-end mortgage
Opening
The period at the beginning of the trading session officially designated by an exchange, during which all transactions are considered made "at the opening."
Opening Automated Report Service
Provides improved accuracy and efficiency for handling certain orders sent before trading opens. OARS receives, stores, and continuously tabulates market orders up to a specified size routed through the common message switch.
Opening bank
A bank which establishes a letter of credit.
Opening bell
A bell that rings to signify the day's start of trading on a securities exchange.
Opening price
The range of prices at which the first bids and offers are made or the first transactions are completed on an exchange.
RELATED TERMS--------------------------------------
Mortgage
A loan, usually to buy property, which serves as security for the loan; to take out a loan with a property as security.
SIMILAR TERMS--------------------------------------
Open
Used in the context of general equities. Having either buy or sell interest at the indicated price level and side of a preceding trade. "Open on the buy-sell side" means looking for buyers-sellers (for someone who is a seller-buyer).
Open account
Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in the sales ledger.
Open contracts
Contracts that have been bought or sold without completion of the transaction by subsequent sale or purchase, or by making or taking actual delivery of the financial instrument or physical commodity.
Open depending on the floor
Used for listed equity securities. Having room for a customer buyer or seller contingent on the results of a trade being executed on the floor (i.e., satisfying the specialist book and the orders the trader opened up).
Open ended investment company
A type of company or fund in the UK that is structured to invest in other companies with the ability to adjust constantly its investment criteria and fund size.
Open interest
The total number of derivatives contracts traded that have not yet been liquidated either by an offsetting derivative transaction or by delivery.
Open listing
A property that is simultaneously marketed by multiple real estate agents.
Open market operation
Purchase or sale of government securities by the monetary authorities to increase or decrease the domestic money supply.
Open market purchase operation
A systematic program of repurchasing shares of stock in market transactions at current market prices, in competition with other prospective investors.
Open market rates
Interest rates that are determined in the open market by supply and demand.
Open market transaction
An order placed by an insider, after all appropriate documentation has been filed, to buy or sell restricted securities openly on an exchange.
Open offer
An open offer, also known as an entitlement issue, is an offer made by a quoted company to its shareholders inviting them to buy new shares in the company at a set price, which is normally lower than the current market price.
Open on the print
Used in the context of general equities. Block trader's term for a block trade that has been completed with an institutional client and printed on the consolidated tape, but leaves the block trader with stock available (because the trader has taken a long or short position to complete the trade) for new customers who are on the opposite side of the market to the initiating customer.
Open order (good-till-cancelled, GTC order)
Order to buy or sell a security that stays active until it is completed or the investor cancels it.
Open outcry
The method of trading used at futures exchanges, typically involving calling out the specific details of a buy or sell order, so that the information is available to all traders.
Open policy
A marine cargo insurance policy issued to cover various unspecified exports over the life of the policy.
Open position
A net long or short position whose value will change with a change in prices.
Open repo
A repurchase agreement with no definite term.
OPEN Telecommunications Limited
OPEN Telecommunications Limited is a large Australian company in the field of software and services. Their Australian Stock Exchange (ASX) code is OTT.
Open Text Corp.
Open Text Corp. is one of Canada's largest companies.
Open up
Used in the context of general equities. Disclose more information (e.g., the exact price and quantity of one's potential interest).
Open-end credit
Revolving line of credit that is extended with every purchase or cash advance.
Open-end fund
Used in the context of general equities. Mutual fund that continually creates new shares on demand.
Open-end indenture
A term in a bond contract that allows the bond issuer to guarantee the collateral used to back the bond issue on any number of other bond issues.
Open-end lease
A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property.
Open-end management company
A company that distributes and redeems securities it issues.
Opening
The period at the beginning of the trading session officially designated by an exchange, during which all transactions are considered made "at the opening."
Opening Automated Report Service
Provides improved accuracy and efficiency for handling certain orders sent before trading opens. OARS receives, stores, and continuously tabulates market orders up to a specified size routed through the common message switch.
Opening bank
A bank which establishes a letter of credit.
Opening bell
A bell that rings to signify the day's start of trading on a securities exchange.
Opening price
The range of prices at which the first bids and offers are made or the first transactions are completed on an exchange.
Opening purchase
Creation of or increase in a long position in a given series of options.
Opening sale
Creation of or increase in a short position in a given series of options.
Opening transaction
Applies to derivative products. 1) Buy or sell transaction that creates a position out of a flat one (writing an option short or buying an option long). 2) First transaction of the day in a stock.
PREVIOUS AND NEXT TERMS--------------------------------------
Open-end credit
Revolving line of credit that is extended with every purchase or cash advance.
Open-end fund
Used in the context of general equities. Mutual fund that continually creates new shares on demand.
Open-end indenture
A term in a bond contract that allows the bond issuer to guarantee the collateral used to back the bond issue on any number of other bond issues.
Open-end lease
A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property.
Open-end management company
A company that distributes and redeems securities it issues.
Open-end mortgage
Opening
The period at the beginning of the trading session officially designated by an exchange, during which all transactions are considered made "at the opening."
Opening Automated Report Service
Provides improved accuracy and efficiency for handling certain orders sent before trading opens. OARS receives, stores, and continuously tabulates market orders up to a specified size routed through the common message switch.
Opening bank
A bank which establishes a letter of credit.
Opening bell
A bell that rings to signify the day's start of trading on a securities exchange.
Opening price
The range of prices at which the first bids and offers are made or the first transactions are completed on an exchange.
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This dictionary contains 24549 terms.
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