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Simple English definitions for legal terms

closed-end fund

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A quick definition of closed-end fund:

A closed-end fund is a type of investment fund that operates like a mutual fund, but with a fixed number of shares. Unlike mutual funds, closed-end funds are traded on stock exchanges like individual stocks. This means that the price of a closed-end fund can be higher or lower than the value of its underlying assets, depending on supply and demand. Investors can buy and sell shares of a closed-end fund on the stock exchange, but the fund itself does not issue or redeem shares based on investor demand.

A more thorough explanation:

A closed-end fund is a type of investment fund that operates like a mutual fund, but with a fixed number of shares. Unlike mutual funds, closed-end funds do not issue new shares to investors. Instead, investors buy and sell shares on a stock exchange, just like they would with a stock.

For example, let's say a closed-end fund has 1 million shares. If you buy 100 shares, you own 0.01% of the fund. If you sell those shares, they are bought by another investor, not the fund itself.

Closed-end funds can be a good way to invest in a diversified portfolio of stocks or bonds. However, they can also be riskier than mutual funds because their share prices can be more volatile.

closed-ended claim | closed source

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JumpySubsequentDolphin
20:46
if you’re the slightest bit curvy they are so obnoxious. me and my Abercrombie curve love’s are good together
SHUT UP I LOVE ABERCROMBIE JEANS
m10
20:47
Did y'all see this from ararara last night? https://studicata.com/case-briefs/all/
THOSE FIT SOO GOOD. i desperately need new jeans tho i ahvent gone shopping in millennia so a discount would come in clutch
JumpySubsequentDolphin
20:48
I got these jeans from re/done on a crazy sale and I love them BYT RHEY HAVE FIVE BUTTONS
JumpySubsequentDolphin
20:48
I DIDNT REALIZE WHEJ I BOUGHT THEM BC THEYRE HIDDEN. LIKE INSTEAD OF A ZIPPER THEYREBALL BUTTONS
JumpySubsequentDolphin
20:48
what if I have to pee.
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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