Unit Investment Trust

Unit Investment Trust
Investment in portfolios that follow a fixed allocation compositions throughout the fund’s life. Shares in such a trust are referred to as redeemable trust certificates. They sell for a price higher than their NAV.

Random Finance Terms for the Letter U

Related posts:

  1. Unit Benefit Formula
  2. Unit Cost
  3. Unmatched Book
  4. Universal Life
  5. Unique Risk

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