Meaning INVESTMENT 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 shares are selling at a premium. When the market price falls below the (NAV)/share, shares are selling at a discount. Many closed-end funds are of a specialized nature; the portfolio represents a particular industry or, country. These funds are usually listed on U.S. and foreign exchanges
More terms such as Investment trust in Dictionary I.
- Definition Insider Information:
- Examples Material information about a company that has not yet been made public. It is illegal for holders of this information to make trades based on it, however received investment trust definition.
- Definition Investment Tax Credit:
- Examples Proportion of new capital investment that could be used to reduce a company's tax bill (abolished in 1986 investment trust explain.
- Definition Identified Shares:
- Examples Stock or mutual fund whose purchase date and price may be identified for capital gains and tax purposes when shares sold investment trust what is.
- Definition IBES:
- Examples See: Institutional Brokers Estimate System investment trust meaning.
- Definition Interest Rate Cap:
- Examples An interest rate agreement in which payments are made when the reference rate exceeds the strike rate. Also called an interest rate ceiling investment trust abbreviation.
