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unit investment trust
(redirected from Fixed trust)

    Also found in: Financial, Wikipedia 0.01 sec.
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Noun1.unit investment trust - 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"
unit trust
investment company, investment firm, investment trust, fund - a financial institution that sells shares to individuals and invests in securities issued by other companies
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Trusts can be divided into any number of different kinds, but in many cases people divide them into two types; the fixed trust and the discretionary trust In a fixed trust, the beneficiaries and the amounts to be paid to them are decided in advance and specified by the testator as part of the text of the agreement Trusts can be divided into any number of different kinds, but in many cases people divide them into two types; the fixed trust and the discretionary trust.
What Is a Hybrid Trust? by Heather Eagar / Law community
The draft legislation did not accord with prior announcements -- it would exempt fixed trusts and would not in fact tax trusts like companies -- and represented the highly ideological left-of-centre philosophies that have become expected from the Australian Taxation Office.
Mr. Peter Reith and the liberal succession. (Editorial Comment) by National Observer - Australia and World Affairs
 
 
 
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