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Variable and Open

noun

  • Something that is likely to vary; something that is subject to variation.
    • usage: "the weather is one variable to be considered"
  • A quantity that can assume any of a set of values.
  • A star that varies noticeably in brightness.
  • A symbol (like x or y) that is used in mathematical or logical expressions to represent a variable quantity.

adjective

  • Liable to or capable of change.
    • usage: "rainfall in the tropics is notoriously variable"; "variable winds"; "variable expenses"
  • Marked by diversity or difference.
    • usage: "the varying angles of roof slope"; "nature is infinitely variable"
  • Used of a device) designed so that a property (as e. G. Light) can be varied. (
    • usage: "a variable capacitor"; "variable filters in front of the mercury xenon lights"

Variable is an element in a model. For example, in the model RS&Pt+1 = a + b Tbill t + et, where RS&Pt+1 is the return on the S&P in month t+1 and Tbill is the Tbill return at month t, both RS&P and Tbill are "variables" because they change through time; i. E., they are not constant.

noun

  • A clear or unobstructed space or expanse of land or water.
    • usage: "finally broke out of the forest into the open"
  • Where the air is unconfined.
    • usage: "he wanted to get outdoors a little"; "the concert was held in the open air"; "camping in the open"
  • A tournament in which both professionals and amateurs may play.
  • Information that has become public.
    • usage: "all the reports were out in the open"; "the facts had been brought to the surface"

verb

  • Cause to open or to become open.
    • usage: "Mary opened the car door"
  • Start to operate or function or cause to start operating or functioning.
    • usage: "open a business"
  • Become open.
    • usage: "The door opened"
  • Begin or set in action, of meetings, speeches, recitals, etc..
    • usage: "He opened the meeting with a long speech"
  • Spread out or open from a closed or folded state.
    • usage: "open the map"; "spread your arms"
  • Make available.
    • usage: "This opens up new possibilities"
  • Become available.
    • usage: "an opportunity opened up"
  • Have an opening or passage or outlet.
    • usage: "The bedrooms open into the hall"
  • Make the opening move.
    • usage: "Kasparov opened with a standard opening"
  • Afford access to.
    • usage: "the door opens to the patio"; "The French doors give onto a terrace"
  • Display the contents of a file or start an application as on a computer.

adjective

  • Affording unobstructed entrance and exit; not shut or closed.
    • usage: "an open door"; "they left the door open"
  • Affording free passage or access.
    • usage: "open drains"; "the road is open to traffic"; "open ranks"
  • With no protection or shield.
    • usage: "the exposed northeast frontier"; "open to the weather"; "an open wound"
  • Open to or in view of all.
    • usage: "an open protest"; "an open letter to the editor"
  • Used of mouth or eyes.
    • usage: "keep your eyes open"; "his mouth slightly opened"
  • Not having been filled.
    • usage: "the job is still open"
  • Accessible to all.
    • usage: "open season"; "an open economy"
  • Not defended or capable of being defended.
    • usage: "an open city"; "open to attack"
  • Of textures. ( full of small openings or gaps)
    • usage: "an open texture"; "a loose weave"
  • Having no protecting cover or enclosure.
    • usage: "an open boat"; "an open fire"; "open sports cars"
  • Set theory. ( of an interval that contains neither of its endpoints)
  • Not brought to a conclusion; subject to further thought.
    • usage: "an open question"; "our position on this bill is still undecided"; "our lawsuit is still undetermined"
  • Not sealed or having been unsealed.
    • usage: "the letter was already open"; "the opened package lay on the table"
  • Without undue constriction as from e. G. Tenseness or inhibition.
    • usage: "the clarity and resonance of an open tone"; "her natural and open response"
  • Ready or willing to receive favorably.
    • usage: "receptive to the proposals"
  • Open and observable; not secret or hidden.
    • usage: "an overt lie"; "overt hostility"; "overt intelligence gathering"; "open ballots"
  • Not requiring union membership.
    • usage: "an open shop employs nonunion workers"
  • Possibly accepting or permitting.
    • usage: "a passage capable of misinterpretation"; "open to interpretation"; "an issue open to question"; "the time is fixed by the director and players and therefore subject to much variation"
  • Affording free passage or view.
    • usage: "a clear view"; "a clear path to victory"; "open waters"; "the open countryside"
  • Openly straightforward and direct without reserve or secretiveness.
    • usage: "his candid eyes"; "an open and trusting nature"; "a heart-to-heart talk"
  • Ready for business.
    • usage: "the stores are open"

Open is used in the context of general equities. Having either buy or sell interest at the indicated price level and side of a preceding trade. "Open on the buy/sell side" means looking for buyers/sellers (for someone who is a seller/buyer). Antithesis of clean.