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English definition of “closed-end”

closed-end

adjective [before noun]
 
 
FINANCE used to describe an investment fund in which shares in the fund can be bought and sold, but no new shares are made available: Most floating-rate funds are the closed-end kind that can be sold only on a monthly or quarterly basis. →  Compare open-end
(Definition of closed-end from the Cambridge Business English Dictionary © Cambridge University Press)
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