Open-End Investment Company. Primarily in the United Kingdom, a mutual fund in which the number of shares may be increased or decreased depending on the amount of money invested in the company. This means that the fund's capitalization is not fixed, and changes upon the demand of shareholders.
Driver License Classes. Licenses are issued by âclassâ: G for graduated, D for operator, M for motorcycle, and A, B, C for commercial. If the Class M license is combined with any other class of license, it will be added as an endorsement on the back of the current license.
The type of vehicle you intend to operate dictates your CDL classification, and vice versa. Classes for commercial driver licenses are: Class A. Class B. Class C. Each CDL classification is distinguished by the vehicle's gross vehicle weight rating (GVWR) among other items. Keep in mind that the CDL classification you apply for will determine not only the type of vehicle you are allowed to drive, but also which endorsements you may be required to obtain.