Definitions for unit investment trust
This page provides all possible meanings and translations of the word unit investment trust
unit investment trust, unit trust(noun)
a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities
"you can invest in a unit investment trust for as little as $1000"
Unit investment trust
In U.S. financial law, a unit investment trust is an exchange-traded mutual fund offering a fixed portfolio of securities having a definite life. A UIT is registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and is classified as an investment company. UITs are assembled by a sponsor and sold through stockbrokers to investors.
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"unit investment trust." Definitions.net. STANDS4 LLC, 2014. Web. 24 Jul 2014. <http://www.definitions.net/definition/unit investment trust>.