open-end fund
Definition
Another name for a mutual fund. An open-end fund is free to add new shares as demand increases and remove shares as demand decreases. The market value of an open-end fund is determined by dividing the total value of the fund by the number of shares and adding any sales fees charged at the time of the purchase. Compare to Closed-End Fund.
Related Articles
- Working Less, Retiring Longer *
- Creating the Family Budget *
- What to Consider when Choosing a Credit Card *
- The FTC and the Economy *
- An Explanation of REITs *
- How to Sell a House *
- Introduction to the Economy, Fiscal and Monetary Policy *
- The Importance of Saving and How Much To Set Aside *
Related Videos
http://www.businessdictionary.com/definition/open-end-fund.html
