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.
The numerical value of unit investment trust in Chaldean Numerology is: 5
The numerical value of unit investment trust in Pythagorean Numerology is: 6
Images & Illustrations of unit investment trust
Find a translation for the unit investment trust definition in other languages:
Select another language:
Discuss these unit investment trust definitions with the community:
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Use the citation below to add this definition to your bibliography:
"unit investment trust." Definitions.net. STANDS4 LLC, 2017. Web. 23 Sep. 2017. <http://www.definitions.net/definition/unit investment trust>.