open-ended investment company

open-ended investment company
= OEIC
An investment trust that operates an open-end trust The size of its fund depends on the number of units sold.

Big dictionary of business and management. 2014.

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  • investment company — see company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. investment company …   Law dictionary

  • closed-end investment company — also closed ended investment company ➔ company * * * closed end investment company UK US noun [C] ► FINANCE an investment company that raises money by selling a fixed amount of shares which it does not buy back from investors: »DMC manages… …   Financial and business terms

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