closed-end Hear it!

closed-end Definition

☆ closed·-end (-end′)

adjective

of or pertaining to an investment company issuing a fixed number of shares which are traded on an exchange
closed-end Usage Examples

Modifies a noun

  • fund: The holdings in a closed-end fund are never redeemed.
  • vehicle: The fund will invest principally in the UK in a managed portfolio of investment trust shares and other closed-end vehicles.
  • company: Closed-end investment companies are to be found in almost every country in the world.