Meaning MUNICIPAL INVESTMENT TRUST (MIT): A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free
More terms such as Municipal Investment Trust (MIT) in Dictionary M.
- Definition Manufactured Housing Securities (MHS):
- Examples Loans on manufactured homes-that is, factory-built or prefabricated housing, including mobile homes municipal investment trust (mit) definition.
- Definition Market Impact Costs:
- Examples The result of a bid/ask spread and a dealer's price concession. Also called price impact costs municipal investment trust (mit) explain.
- Definition Maturity Spread:
- Examples The difference in returns between bonds of different time lengths municipal investment trust (mit) what is.
- Definition Market Out Clause:
- Examples A clause that may appear in an underwriting firm commitment that releases it from its purchase requirement if there are negative securities market developments municipal investment trust (mit) meaning.
- Definition Mortgage Pipeline:
- Examples The period from the taking of applications from prospective mortgage borrowers to the marketing of the loans municipal investment trust (mit) abbreviation.