closed-end investment company - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “closed-end investment company”

closed-end investment company

noun [C]
 
 
FINANCE an investment company that raises money by selling a fixed amount of shares which it does not buy back from investors: DMC manages approximately $15 billion in assets in various open-end and closed-end investment company accounts.
(Definition of closed-end investment company from the Cambridge Business English Dictionary © Cambridge University Press)
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