Loan Dictionary - O group - Open 30-day Account, Open Access, Open Account, Open Allotment, Open Book, Open Contracts, Open Depending On The Floor, Open End Credit, Open End Investment Company, Open End Mortgage

Business and Personal Finance Dictionary

OPEN 30-DAY ACCOUNT - A type of credit where a consumer promises to repay the full balance owed each mo...
OPEN ACCESS - Also called an open panel. A plan that allows individuals to see another medical professi...
OPEN ACCOUNT - a non-guaranteed payment arrangement, e.g. similar to department store credit. Goods are...
OPEN ALLOTMENT - where there is no restriction as to an amount that may be taken from that which is bei...
OPEN BOOK - See: Unmatched book
OPEN CONTRACTS - Contracts that have been bought or sold without completion of the transaction by subse...
OPEN DEPENDING ON THE FLOOR - Used for listed equity securities. Having room for a customer buyer or se...
OPEN END CREDIT - revolving line of credit extended with each purchase
OPEN END INVESTMENT COMPANY - Is a mutual fund that offers and redeems its shares on a daily basis. The...
OPEN END MORTGAGE - A loan which is specifically drafted to allow the borrower to borrow further funds ...