unit investment trust
11investment trust — noun a financial institution that sells shares to individuals and invests in securities issued by other companies • Syn: ↑investment company, ↑investment firm, ↑fund • Derivationally related forms: ↑fund (for: ↑fund) …
12Unit Share Investment Trust — ( USIT) A unit investment trust comprising one unit of prime and one unit of score. Bloomberg Financial Dictionary …
13Investment trust — Investment trusts are companies that invest in the shares of other companies for the purpose of acting as a collective investment.cite web title = Investment Trusts work = Your Money publisher = The Motley Fool date= 13 March 2006 url =… …
14investment trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. investment trust …
15investment trust — investment company A company that invests the funds provided by shareholders in a wide variety of securities. It makes its profits from the income and capital gains provided by these securities. The investments made are usually restricted to… …
16Equity Unit Investment Trust — A registered trust in which investors purchase units from a fixed portfolio of equities, which are chosen and managed by a professional money manager. Securities in the trust remain there for the life of the trust, which is most often one year.… …
17Municipal Investment Trust — A type of unit investment trust (UIT) that invests solely in municipal securities. Municipal investment trusts allow individuals to invest in a diversified pool of municipal bonds, which passes through tax free income. Municipal investment trusts …
18Municipal Investment Trust — ( MIT) A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax free. Bloomberg Financial Dictionary …
19investment trust — A closed end fund regulated by the Investment Company Act of 1940. These funds have a fixed number of shares that are traded on the secondary markets , like corporate stock. The market price may exceed the net asset value per share, in which case …
20investment trust — or closed end trust Financial organization that pools the funds of its shareholders and invests them in a diversified portfolio of securities. It differs from a mutual fund, which issues units representing diversified holdings rather than shares… …
