unit investment trust
51Undertakings for Collective Investment in Transferable Securities Directives — The Undertakings for Collective Investment in Transferable Securities Directives 2001/107/EC and 2001/108/EC (or UCITS ) are a set of European Union Directives that aim to allow collective investment schemes to operate freely throughout the EU on …
52unit trust — unit trusts N COUNT A unit trust is an organization which invests money in many different types of business and which offers units for sale to the public as an investment. You can also refer to an investment of this type as a unit trust. [BRIT]… …
53fixed trust — A unit investment trust consisting of securities that were agreed upon at the time of investment and do not change. Bloomberg Financial Dictionary * * * fixed trust fixed trust ➔ trust * * * fixed trust UK US noun [C] LAW, FINANCE ► a trust (=… …
54unit trust company — ➔ company * * * unit trust company UK US noun [C] FINANCE ► in the UK, an investment company that manages unit trusts: »You can buy a money market fund through a unit trust company, a brokerage firm, or a bank …
55investment fund — ➔ fund1 * * * An investment fund is any that manages portfolios of money. There are basically two types of investment funds open ended mutual funds, which are also known as unit trusts, and closed end publicly quoted funds, which are known as… …
56Unit Trust of India — was created by the UTI Act passed by the Parliament in 1963.For more than two decades it remained the sole vehicle for investment in the capital market by the Indian citizens. In mid 80 s public sector banks were allowed to open mutual funds. The …
57foreign investment company — A foreign corporation which is either (a) registered as a management company, or a unit investment trust under the 1940 Investment Company Act, or (b) engaged in the investment business at a time when a majority interest is held by United States… …
58investment bond — noun A single premium life assurance policy in which a fixed sum is invested in a unit trust • • • Main Entry: ↑invest …
59unit trust — In the United Kingdom and other foreign markets , an open end mutual fund . Bloomberg Financial Dictionary A form of collective investment scheme. Investors buy units in a unit trust which then uses the money raised to invest in a range of… …
60Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… …
