- unit investment trust by WordNet
nounA regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities.usage: "you can invest in a unit investment trust for as little as $1000" ...
- Fixed trust by Barry Goldsmith
Fixed trust is a unit investment trust consisting of securities that were agreed upon at the time of investment and do not change.
- fund by WordNet
... other companies. synonyms: investment company, investment trust, investment firmverbConvert (short-term floating debt) into long-term debt that bears fixed interest and is represented by bonds. Place or store up in a fund for accumulation. Provide a fund for the redemption of principal or payment of interest. Invest money in government securities. Accumulate a fund ...
- nondiscretionary trust by WordNet
nounAn investment trust that can buy only those securities listed when the trust was organized.synonyms: fixed investment trust
- mutual fund by Vivian Flores
Or unit trust or open-end trustCompany that invests the funds of its subscribers in diversified securities and issues units representing shares in those holdings. It differs from an investment trust, which issues shares in the company ...