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 Undiversifiable Risk:
- Examples Related: Systematic risk unit investment trust definition.
- Definition Uptick Trade:
- Examples A transaction that takes place at a higher price than the preceding transaction involving the same security. Related: Tick test rules unit investment trust explain.
- Definition Ultradot:
- Examples Applies to derivative products. Firm proprietary software that stores, and sends baskets of stock through SEAQ to either the NYSE or the curb for program trading unit investment trust what is.
- Definition Underlying:
- Examples What supports the security or instrument that parties agree to exchange in a derivative contract unit investment trust meaning.
- Definition Unqualified Opinion:
- Examples An independent auditor's opinion that a company's financial statements comply with accepted accounting procedures. Antithesis of qualified opinion unit investment trust abbreviation.
