- unit investment trust.
See unit trust (defs. 1, 2).
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unit investment trust — n. A registered trust that purchases fixed income securities and holds them to maturity, sold to investors in units (typically of $1,000 each). abbrv. UIT The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy… … Law dictionary
Unit Investment Trust — A Unit Investment Trust (UIT) is a US investment company offering a fixed (unmanaged) portfolio of securities having a definite life. UITs are assembled by a sponsor and sold through brokers to investors.A UIT portfolio may contain one of several … Wikipedia
unit investment 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 • Syn: ↑unit trust •… … Useful english dictionary
unit investment trust — A trust established whereby funds are pooled and invested in income producing securities such as bonds, preferred stock, etc. Units of the trust are sold to investors who maintain an interest in the trust in proportion to their investment + unit… … Black's law dictionary
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 above net asset value. The New York Times Financial Glossary … Financial and business terms
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. Bloomberg Financial Dictionary … Financial and business terms
unit investment trust. — See unit trust (defs. 1, 2) … Useful english dictionary
unit investment trust — fondi comuni a scadenza Tipo di fondo comune di investimento il cui patrimonio viene investito interamente in titoli obbligazionari, titoli di Stato e certificati ipotecari. I possessori delle quote del fondo partecipano agli incrementi di… … Glossario di economia e finanza
Unit Investment Trust - UIT — An investment company that offers a fixed, unmanaged portfolio, generally of stocks and bonds, as redeemable units to investors for a specific period of time. It is designed to provide capital appreciation and/or dividend income. Unit investment… … Investment dictionary
Equity Unit Investment Trust — A registered trust in which investors purchase units from a fixed portfolio of equities, which are chosen and managed by a professional money manager. Securities in the trust remain there for the life of the trust, which is most often one year.… … Investment dictionary