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closed-end

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American Heritage Dictionary:

closed-end

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(klōzd'ĕnd')
adj.
Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer: a closed-end investment company.


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American Heritage Dictionary The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved. Read more

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