Closed-End Mutual Fund

Closed-End Mutual Fund
Closed-End Mutual Funds are investment companies that operate with a limited number of shares outstanding. Unlike open-end mutual funds, which create new shares to meet investor demand, closed-end funds have a fixed number at inception.
Open-End Management Company
An open-end management company is an investment company that sells mutual funds to the public and continually creates new shares on demand.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.