Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does unit investment trust mean?

SEARCHING
Suggestion/Report Error
unit investment trust
(UIT)
Noun


An investment company that is organized under a trust indenture, contract, custodianship, agency or similar instrument that does not have a board of directors and that issues only nonvoting redeemable securities (units), each of which represents an undivided interest in a portfolio of passively held assets.

Synonym(s): 
  • investment trust; unit trust.
top
© 2015-2024 Pecunica LLC.  All rights reserved.
;