open-end contract

open-end contract
An agreement that allows a buyer to make purchases over a period of time without a change in the price or terms by the seller.

Dictionary from West's Encyclopedia of American Law. 2005.


open-end contract
An agreement that allows a buyer to make purchases over a period of time without a change in the price or terms by the seller.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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  • open end contract — Contract (normally sales contract) in which certain terms (e.g. order amount) are deliberately left open …   Black's law dictionary

  • open end contract — Contract (normally sales contract) in which certain terms (e.g. order amount) are deliberately left open …   Black's law dictionary

  • open-end contract — Contract which permits buyer to make purchases over a period of time without change in the price or terms by the seller …   Black's law dictionary

  • open–end — adj: organized to allow for contingencies: as a: permitting additional debt to be incurred under the original debt instrument subject to specified conditions see also open end mortgage at mortgage b: having fluctuating capitalization of shares… …   Law dictionary

  • open-end — | ̷ ̷ ̷ ̷| ̷ ̷ adjective : organized, formulated, or constituted to contain possibilities for various contingencies whether unspecified, merely inferable, or definitely stated: as a. : permitting additional debt to be incurred under the original… …   Useful english dictionary

  • Open-ended — may refer to: Open Ended, song by Sebadoh from their 1996 album Harmacy Open ended contract A contract with no definite time limit Open ended (gameplay), dynamic situations or scenarios that allow the individual to determine the outcome Open… …   Wikipedia

  • open-ended — /ˌəυpən endɪd/ adjective with no fixed limit or with some items not specified ● They signed an open ended agreement. ● The candidate was offered an open ended contract with a good career plan. (NOTE: American English is open end) …   Marketing dictionary in english

  • open-ended — /ˌəυpən endɪd/ adjective with no fixed limit or with some items not specified ● They signed an open ended agreement. ● The candidate was offered an open ended contract with a good career plan. (NOTE: The US term is open end.) …   Dictionary of banking and finance

  • Contract bridge — Bridge declarer play Alternative name(s) Bridge Type trick taking Players 4 Skill(s) require …   Wikipedia

  • Open interest — (also known as open contracts or open commitments) refers to the total number of derivative contracts, like futures and options, that have not been settled in the immediately previous time period for a specific underlying security. A large open… …   Wikipedia

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