Meaning of “closed-end” in the English Dictionary

business-english dictionary

"closed-end" in Business English

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closed-endadjective [ before noun ]

uk us

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.
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(Definition of “closed-end” from the Cambridge Business English Dictionary © Cambridge University Press)