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open-end investment company

n.
1.a regulated investment company with a pool of assets that regularly sells and redeems its shares

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    Idiom of the Day

    musical chairs
    the transfer of people in an organization into different jobs (especially each other`s jobs)
    They are playing musical chairs at our company as people move from one position to another position.



    1.
    S1: Over the centuries the face of the earth has become crowded with monuments and memorials.
    S6: We must have more space for building new things and developing open countryside.

    P: Films, pictures and even miniature models can be made of the relics for posterity interested in knowing about them.
    Q: Some people however would contend that antiquity should be preserved for future generations.
    R: If they were all to be preserved we will have very little space for other, more useful, things.
    S: Personally, I do not agree with their contention.

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