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open market US English

An unrestricted market with free access by and competition of buyers and sellers

open market option US English

The option to buy or sell insurance, etc., on the open market; (British) the option of selling a personal pension fund to another pension provider on retirement, so as to obtain a larger annuity.

Federal Open Market Committee US English

A committee of the Federal Reserve Board that meets regularly to set monetary policy, including the interest rates that are charged to banks