fixed trust
61Depository Trust & Clearing Corporation — The Depository Trust & Clearing Corporation (DTCC) USA A holding company set up in 1999 to combine the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC) to offer clearance and settlement services to the… …
62unit investment trust — noun a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities you can invest in a unit investment trust for as little as $1000 • Syn: ↑unit trust •… …
63unit investment trust — n. A registered trust that purchases fixed income securities and holds them to maturity, sold to investors in units (typically of $1,000 each). abbrv. UIT The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy… …
64Unit investment trust — Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium above net asset value. The New York Times Financial Glossary …
65unit investment trust — Money invested in a portfolio whose composition is fixed for the life of the fund. shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value. Bloomberg Financial Dictionary …
66State Street Bank & Trust Company v. Signature Financial Group, Inc. — The decision of July 23, 1998 of the United States Court of Appeals for the Federal Circuit in State Street Bank Trust Company v. Signature Financial Group, Inc. , [http://bulk.resource.org/courts.gov/c/F3/149/149.F3d.1368.96 1327.html 149 F.3d… …
67Energy Trust — A type of corporation which exists solely to hold oil and gas mineral rights. Energy trusts pay out the lion s share of the profits they collect to their investors. Energy trusts are advantageous because they are exempt from corporate taxation if …
68Unit Investment Trust - UIT — An investment company that offers a fixed, unmanaged portfolio, generally of stocks and bonds, as redeemable units to investors for a specific period of time. It is designed to provide capital appreciation and/or dividend income. Unit investment… …
69spousal remainder trust — A fixed term trust from which income is distributed to the beneficiary (such as a child of the grantor) to take advantage of a lower tax bracket, and that at the end of the term passes to the grantor s spouse. Bloomberg Financial Dictionary …
70Voting Trust — A trust set up by the company at a commercial bank inviting ordinary shareholders to deposit their shares for a fixed period in return for other privileges. This procedure is carried out if a company has financial instability and board members …
