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Open-End Contract

   Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia 0.01 sec.

An agreement that allows a buyer to make purchases over a period of time without a change in the price or terms by the seller.



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City Councilman Tony Cardenas, who chairs a committee that heard an update on the OFS impasse, said he's troubled that the DWP entered into an open-end contract without a guarantee that it could continue using the OFS software.
 
 
 
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