An open-ended employment contract is an employment contract that has no termination date for the employee. Under this type of contract, the duration of time an employee will spend under a single employer is ambiguous, leaving the employee free to keep working in her job as long as her perfor...
An open-ended fund is a type of investment fund that does not have a fixed number of shares. Investors can buy and sell shares of the fund directly from the fund manager at the fund’s net asset value (NAV), which is calculated at the end of each trading
If the “work specified in the contract” ends and your performance continues without the objection of the employer, is this considered a renewal of the contract? If the contract is for the execution of a specific work, the contract is terminated by its accomplishme...
How do I find out when my phone contract ends? Your mobile provider is now required to contact you with an end-of-contract notification between 10 and 40 days before your contract ends. Networks are required to communicate via the same method you receive other updates – i.e. by text, ...
An open-ended promissory note is similar to a line of credit. Rather than receiving the full amount of funds immediately, the borrower only receives a portion and pays that back over the period of time agreed to in the promissory note. This allows the borrower to draw additional funds later...
Even when advanced statistical algorithms are applied to data sets, it doesn't necessarily mean data science is involved. True data science uses custom coding and explores answers to open-ended questions. In contrast, business analytics excels at solving a specific question or problem. ...
An implied employment contract is not documented in writing. It is based on the relationship that is exhibited between the business and the employee. Implied contracts are legal, but they are more difficult to prove if there is a disagreement or an alleged breach of contract since they aren’...
Ken Coleman is the author of the national bestselling book From Paycheck to Purpose and the #1 national bestseller The Proximity Principle. He hosts The Ken Coleman Show, a caller-driven show that helps listeners find the work they’re wired to do. Ken also co-hosts The Ramsey Show, the ...
Selling assets like U.S. Treasury notes, the Federal Reserve uses open-market operations as a tool. These sales lower the market price of such assets and increase their yields. Fast Fact Contractionary policy is often connected to monetary policy, with central banks such as the U.S. Federal...
This means payments can vary each month depending on the balance outstanding. This is because revolving credit is an open-ended agreement in which the borrower has a specified credit limit that they can access if they choose. This makes the lending process continuous with the balance depending on...