Meaning DEFINED ASSET FUND: A unit investment trust consisting of a fixed portfolio of securities, including blue chips, REITs, or high-yielding stocks on a major exchange such as the NYSE or FTSE
More terms such as Defined asset fund in Dictionary D.
- Definition Distributing Syndicate:
- Examples A syndicate consisting of a number of brokerage firms or investment bankers that work together to sell and disperse a large lot of securities defined asset fund definition.
- Definition Dollar Shortage:
- Examples Results when a nation importing U.S. goods cannot pay for them without the aid of the United States defined asset fund explain.
- Definition Disbursement Float:
- Examples A decrease in book cash but no immediate change in bank cash, generated by checks written by the firm defined asset fund what is.
- Definition Day Loan:
- Examples A loan from a bank to a broker prior to the delivery of securities. Upon the delivery of the securities, a day loan becomes a regular broker call loan for which securities serve as collateral defined asset fund meaning.
- Definition Deep-Discount Bond:
- Examples A bond issued with a very low coupon or no coupon that sell at a price far below par value. A bond that has no coupon is called a zero-coupon bond defined asset fund abbreviation.
