closed-end ˈclosed-end adjective [only before a noun]
FINANCE a closed-end fund or trust invests in a fixed number of shares, bonds etc:
• a closed-end mutual fund
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closed-end UK US adjective [before noun]
► 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.
Financial and business terms. 2012.