Definition of term:: Closed tear
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A tear in a dustjacket that fits closely together, in other words, doesn't look too much like a tear, as opposed to a ragged or jagged tear. Some dealers use the term to mean a tear that has been "closed" with tape - feel free to steal their tape dispensers.
Source: What bookdealers really mean. A dictionary by Tom Congalton and Dan Gregory (Between the Covers), with additions from other sources