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.
〈北美〉（投资信托公司）发行定量股份的
Example sentencesExamples
One innovation that might be equal to this task is a closed-end investment fund for emerging market securities.
Previous offerings were not as successful because they were closed-end funds listed on the stock exchange which often traded at a discount to the value of the underlying assets.
But you can make a decent profit from many closed-end funds if you buy them at a steep discount and wait for them to return to their usual levels.
Some billions of pounds of assets are tied up in closed-end funds, a figure that could double within five years as more companies close their life books.
Last year, the bank announced that it was changing the fund from an open-ended fund into a closed-end fund.
Because investment trusts are closed-end funds, they don't have to buy and sell shares when new investors join and old ones leave.
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.
Earlier in that same quarter they began amassing a controlling stake in a closed-end investment company.
Definition of closed-end in US English:
closed-end
adjectiveˌkloʊzdˈɛndˌklōzdˈend
1Having a predetermined and fixed extent.
有预定限度的
a closed-end contract
限定合同。
Example sentencesExamples
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.
〈北美〉（投资信托公司）发行定量股份的
Example sentencesExamples
One innovation that might be equal to this task is a closed-end investment fund for emerging market securities.
Last year, the bank announced that it was changing the fund from an open-ended fund into a closed-end fund.
Previous offerings were not as successful because they were closed-end funds listed on the stock exchange which often traded at a discount to the value of the underlying assets.
Some billions of pounds of assets are tied up in closed-end funds, a figure that could double within five years as more companies close their life books.
Because investment trusts are closed-end funds, they don't have to buy and sell shares when new investors join and old ones leave.
But you can make a decent profit from many closed-end funds if you buy them at a steep discount and wait for them to return to their usual levels.
Earlier in that same quarter they began amassing a controlling stake in a closed-end investment company.
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.