Definition of closed-end in English:


Line breaks: closed-end


  • 1Having a predetermined and fixed extent: a closed-end contract
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    • There are two types of car leases: closed-end and open-end.
  • 1.1North American Denoting an investment trust or company that issues a fixed number of shares.
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    • One innovation that might be equal to this task is a closed-end investment fund for emerging market securities.
    • Unlike mutual funds, which make new shares available when investors want to buy and redeem when they sell, closed-end funds issue a fixed number of shares that trade on a stock exchange.
    • Because investment trusts are closed-end funds, they don't have to buy and sell shares when new investors join and old ones leave.

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Word of the day skosh
Pronunciation: skəʊʃ
a small amount; a little