Unit Investment Trust - UIT
- 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 trusts are one of three types of investment companies; the other two are mutual funds and closed-end funds
Each unit typically costs $1,000 and is sold to investors by brokers. UITs can be resold in the secondary market. A UIT may be either a regulated investment corporation (RIC) or a grantor trust. The former is a corporation in which the investors are joint owners; the latter grants investors proportional ownership in the UIT's underlying securities.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
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 — 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
Municipal Investment Trust — A type of unit investment trust (UIT) that invests solely in municipal securities. Municipal investment trusts allow individuals to invest in a diversified pool of municipal bonds, which passes through tax free income. Municipal investment trusts … Investment dictionary
UIT — may stand for:* International Telecommunication Union, an internationally reaching standards organization. * unit investment trust * User Interface Toolkit, a C++ API to Sun s XView * Union International de Tir , an older name of the… … Wikipedia
UIT — abbrv. Unit investment trust. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
UIT — unit investment trust. * * * … Universalium
UIT — Unit Investment Trust (Business » General) * Ultraviolet Imaging Telescope (Governmental » NASA) * Union Internationale de Tir (International » French) * Jaluit Island, Marshall Islands (Regional » Airport Codes) * Usman Institute of Technology,… … Abbreviations dictionary
UIT — unit investment trust паевой инвестиционный фонд, инвестиционная компания … Финансово-инвестиционный толковый словарь
UIT — unit investment trust … Useful english dictionary
Samuel A. Ramirez, Sr. — Infobox writer name = Samuel A. Ramirez, Sr. imagesize = 125px caption = First Hispanic to launch a successful investment banking firm pseudonym = birthname = birthdate = (1941) birthplace = New York, New York occupation = Founder and President,… … Wikipedia
