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Closed-end investment company

an investment company that issues its shares in large blocks at infrequent intervals and is not obligated to redeem or repurchase them.


Read Also:

  • Closed-fracture

    noun 1. . closed fracture n. A bone fracture that causes little or no damage to the surrounding soft tissues. Also called simple fracture.

  • Closed game

    noun 1. (chess) a relatively complex game involving closed ranks and files and permitting only nontactical positional manoeuvring Compare open game

  • Closed-gentian

    noun 1. a gentian, Gentiana andrewsii, of the eastern and central U.S., having tight clusters of dark blue, closed flowers.

  • Closed head injury

    closed head injury n. A head injury in which the scalp and mucous membranes remain unbroken.

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