A mutual fund which has an unlimited number of shares and will also redeem shares at any given time at the net asset value less any specific sales charge. The majority of Mutual Funds are open-ended.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser