closed-end investment company

closed-end investment company

noun
an investment company that issues its shares in large blocks at infrequent intervals and is not obligated to redeem or repurchase them.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Closed-end investment company is always a great word to know.
So is ort. Does it mean:
a scrap or morsel of food left at a meal.
a chattering or flighty, light-headed person.
WordNet
closed-end investment company

noun
a regulated investment company that issues a fixed number of shares which are listed on a stock market [syn: closed-end fund
WordNet® 3.0, © 2006 by Princeton University.
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