Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer.
A closed-end investment company.
Of or pertaining to an investment company issuing a fixed number of shares which are traded on an exchange.
Closed-end Sentence Examples
- At the closed end there is no motion, for the pressure always constrains the air to remain in contact with the end.
The closed end is therefore a node.
The open end is therefore a loop. It is to be noted that the exciter of the vibrations is in general at the open end, and that the two trains forming the stationary system consist of the direct waves from the exciter travelling into the tube, and the waves reflected back from the closed end.
He used a tube of variable length and determined the length resounding to a given fork, (1) when the closed end was the first node, (2) when it was the second node.