What is an open ended mortgage loan?

Answer An open-ended mortgage is another name for a Home Equity Line of Credit (HELOC). It is referred to as open ended because there is no definite payoff date of the principal balance.Source:ActiveRain.... Read More »

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What is an open-ended statement?

Open-ended statements are those that act as subtle questions and require more than a simple "yes" or "no" response, according to Media College. An example: "That is an interesting color handbag you... Read More »

What is the definition of an open-ended ticket?

Open-ended tickets are ideal for those who are unsure of travel dates or need to be available for an event at a moment's notice. While they are expensive, open-ended tickets offer flexibility that ... Read More »

What is an open-ended promissory note?

A promissory note is a contract between two parties establishing the repayment terms for a loan or another form of debt. An open-ended promissory note differs in that it's an ongoing, or revolving,... Read More »

What is an open-ended mutual fund?

An open-ended mutual fund is the same as any other mutual fund on the basics: it is a fund of investors' money that builds a diversified portfolio. The key difference is an open ended fund trades t... Read More »