Meaning UNIT 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
More terms such as Unit investment trust in Dictionary U.
- Definition Unit:
- Examples More than one class of securities traded together (e.g., one common share and three subscription warrants unit investment trust definition.
- Definition Uninsured Motorist Insurance:
- Examples Insurance that covers the policyholder and family if they are injured by a hit-and-run or uninsured motorist, assuming the other driver is at fault unit investment trust explain.
- Definition U.S. Treasury Note:
- Examples U.S. government debt with a maturity of one to 10 years unit investment trust what is.
- Definition Undercapitalized:
- Examples A business has insufficient capital to carry out its normal functions unit investment trust meaning.
- Definition Underbooked:
- Examples Describes limited interest by prospective buyers in a new issue of a security during the preoffering registration period unit investment trust abbreviation.
