unit investment trust

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 investment trust
An investment company organized under a trust indenture, contract of custodianship or agency or similar instrument. 15 U.S.C.A. No. 80a-4(2).
The most common form of organization is the trust indenture. The holder of shares in this investment vehicle has an undivided interest in a fixed pool of securities held by the trustee or custodian

Black's law dictionary. . 1990.

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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 - 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

  • 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). * * * …   Universalium

  • 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

  • investment trust — noun a financial institution that sells shares to individuals and invests in securities issued by other companies • Syn: ↑investment company, ↑investment firm, ↑fund • Derivationally related forms: ↑fund (for: ↑fund) …   Useful english dictionary

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