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

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"closed-end investment company" in Business English

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closed-end investment companynoun [ C ]

uk us

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)