closed-end investment company Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “closed-end investment company” in the English Dictionary

"closed-end investment company" in Business English

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closed-end investment companynoun [C]

uk   us  
FINANCE an ​investmentcompany that ​raisesmoney by ​selling a ​fixedamount of ​shares which it does not ​buy back from ​investors: DMC ​managesapproximately $15 ​billion in ​assets in various open-end and closed-end ​investmentcompanyaccounts.
(Definition of closed-end investment company from the Cambridge Business English Dictionary © Cambridge University Press)
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