closed-end

closed-end

adj.（形容词）
Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer:
限额式的，封闭式的：产生可以公开交易但发行人不可赎回的固定数量的股份：
例句：
a closed-end investment company.
一个封闭式的投资公司