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A loan made with no specific due date, e.g. credit cards. May be paid back within a certain period of time. … [Read more...] about OPEN ENDED LOAN

A workman; one employed to perform labor for another. 2. This word is used in the bankrupt law of 19th August, 1841, s. 5, which directs that any person who shall have performed any labor as an operative in the service of any bankrupt shall be entitled to receive the full amount of wages due to him for such labor, not exceeding twenty-five dollars; provided that such labor … [Read more...] about OPERATIVE

A common law concept that court proceedings should be open to the public for viewing, including all court files, which provides transparency of the process. … [Read more...] about OPEN JUSTICE

That part of a conveyance, or of any Instrument intended for the creation or transference of rights, by which the main object of the instrument is carried into effect. It is distinguished from Introductory matter, recitals, formal conclusion, etc. … [Read more...] about OPERATIVE PART

An open policy is one in which the amount of the interest of the insured is not fixed by the policy, and is to be ascertained in case of loss. Vide Policy. … [Read more...] about OPEN POLICY