What does unit investment trust mean?

Definitions for unit investment trust

Here are all the possible meanings and translations of the word unit investment trust.

Princeton's WordNet

  1. 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"

Freebase

  1. 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.

Numerology

  1. Chaldean Numerology

    The numerical value of unit investment trust in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of unit investment trust in Pythagorean Numerology is: 6

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"unit investment trust." Definitions.net. STANDS4 LLC, 2017. Web. 24 Jul 2017. <http://www.definitions.net/definition/unit investment trust>.

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