unit investment trust
31investment company — noun a financial institution that sells shares to individuals and invests in securities issued by other companies • Syn: ↑investment trust, ↑investment firm, ↑fund • Derivationally related forms: ↑fund (for: ↑fund) …
32unit trust — 1) In the UK, an investment fund shared by a large number of different investors. A unit trust is an ‘open ended fund’, which means that the fund gets bigger as more people invest and smaller as people withdraw their money. A fund manager is… …
33investment firm — noun a financial institution that sells shares to individuals and invests in securities issued by other companies • Syn: ↑investment company, ↑investment trust, ↑fund • Derivationally related forms: ↑fund (for: ↑fund) …
34trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …
35Unit Trust - UT — An unincorporated mutual fund structure that allows funds to hold assets and pass profits through to the individual owners, rather than reinvesting them back into the fund. The investment fund is set up under a trust deed. The investor is… …
36unit trust — 1. Also called fixed investment trust, fixed trust. an investment company that has a fixed portfolio of securities, usually of a single type, such as municipal bonds or corporate bonds, which are held to maturity: each investor receives a share… …
37Investment company — An investment company is a company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of its shareholders who in turn share in the profits and losses. In… …
38Investment Company Institute — The Investment Company Institute (ICI) is the national association of U.S. investment companies. ICI encourages adherence to high ethical standards, promotes public understanding of funds and investing, and advances the interests of investment… …
39trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …
40Trust — may refer to:* Trust (social sciences), a relationship of reliance. ** Trust Fall, a trust building game.In law: * Trust law, where money or property is owned and managed on behalf of another * Escrow, where a thing is held in trust until… …
