What does unit investment trust mean?
Definitions for unit investment trust
unit in·vest·ment trust
This dictionary definitions page includes all the possible meanings, example usage and translations of the word unit investment trust.
Princeton's WordNet
unit investment trust, unit trustnoun
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"
Wikipedia
Unit investment trust
In U.S. financial law, a unit investment trust (UIT) is an investment product offering a fixed (unmanaged) portfolio of securities having a definite life. Unlike open-end and closed-end investment companies, a UIT has no board of directors. 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 brokerage firms to investors.
ChatGPT
unit investment trust
A unit investment trust (UIT) is a type of U.S. investment company that buys and holds a portfolio of stocks, bonds, or other securities. Once the portfolio is set, it typically remains unchanged until the trust is dissolved at a predetermined time. Investors buy units, or shares, of the trust, which can be bought or sold on the secondary market. The profits or losses from the securities in the trust are passed down to the investors. Unlike mutual funds, UITs have a defined contract term and a professional investment manager isn't actively trading or managing the portfolio.
Wikidata
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.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of unit investment trust in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of unit investment trust in Pythagorean Numerology is: 6
Translations for unit investment trust
From our Multilingual Translation Dictionary
- وحدة الثقة الاستثماريةArabic
- investiční důvěraCzech
- investeringsinstitutterDanish
- Investment-TrustGerman
- μονάδας εμπιστοσύνης επενδύσεωνGreek
- unidad de inversión de confianzaSpanish
- اعتماد سرمایه گذاری واحدPersian
- unit investment trustFrench
- egység befektetési bizalomHungarian
- unit investment trustIndonesian
- unità di investimento fiduciarioItalian
- יחידת השקעות אמוןHebrew
- 単位投資信託Japanese
- ಯುನಿಟ್ ಇನ್ವೆಸ್ಟ್ಮೆಂಟ್ ಟ್ರಸ್ಟ್Kannada
- 단위 투자 신탁Korean
- unitas investment trustLatin
- unit beleggingsvertrouwenDutch
- investeringsfondNorwegian
- Jednostkowe zaufanie inwestycyjnePolish
- confiança de investimento unitárioPortuguese
- unitate de investițiiRomanian
- паевой инвестиционный фондRussian
- investeringsinstitutSwedish
- யூனிட் முதலீட்டு நம்பிக்கைTamil
- యూనిట్ పెట్టుబడి ట్రస్ట్Telugu
- ความเชื่อถือในการลงทุนของหน่วยลงทุนThai
- birim yatırım güvenliğiTurkish
- пайовий інвестиційний трастUkrainian
- یونٹ سرمایہ کاری کا اعتمادUrdu
- ủy thác đầu tư đơn vịVietnamese
- אַפּאַראַט ינוועסמאַנט צוטרויYiddish
- 单位投资信托Chinese
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"unit investment trust." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/unit+investment+trust>.
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