C
   
   Closed-End Mutual Fund
   















 

C

Closed-End Mutual Fund

An investment company with a fixed number of shares outstanding. Shares purchased in such a fund are purchased from another shareholder rather than issued in response to demand for new shares. In contrast to an open end mutual fund, which can usually be redeemed at net asset value, a closed end fund's shares can trade at a premium or discount.

Glossary * C