Open Source

Key takeaways – Open source software (OSS) is software whose source code is made available so anyone can view, modify, and distribute it. –…

Open Position

An open position is any trade you have entered that has not yet been closed by an opposing trade. If you bought (long) shares,…

Open Market

Key takeaways – An open market is one in which buyers and sellers can freely trade with few or no regulatory barriers (tariffs, quotas,…

Open Market Rate

The open‑market rate is the interest rate that prevails on debt securities that trade freely among investors in the open marketplace. It applies to…

Open Loop Card

An open‑loop card is a payment card that can be used at any merchant that accepts its payment network, rather than being limited to…

Open End Lease

An open‑end lease (also called a finance lease) is a lease arrangement in which the lessee is responsible for the difference between the projected…

Open End Fund

An open‑end fund is a pooled investment vehicle that issues and redeems shares on demand to meet investor demand. The sponsor sells new shares…

Open Cover

Key takeaways – An open cover is a blanket form of marine cargo insurance that covers multiple shipments made during a stated policy period…

Open Banking

Open banking (also called “open bank data”) is the practice of allowing third‑party financial service providers to access consumer banking data and, with consent,…

Open Architecture

Key takeaways – Open architecture means a financial firm can offer both proprietary and third‑party products so advisers can recommend the best options for…