closedend 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.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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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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