closed-end

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(-end′)

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adjective

of or pertaining to an investment company issuing a fixed number of shares which are traded on an exchange

See closed-end in American Heritage Dictionary 4

adjective
Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer: a closed-end investment company.

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© 1996-2013 LoveToKnow, Corp. All Rights Reserved. Audio pronunciation provided by LoveToKnow, Corp.