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unit investment trust

   Also found in: Financial, Acronyms, Encyclopedia, 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"
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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These funds are open-end funds, closed-end funds, and unit investment trusts.
The ABCs of Mutual Funds explains precisely how mutual funds, contractual plans, hedge funds, exchange traded funds, folios, unit investment trusts, and variable annuities work, as well as the differences between full service and discount dealers, the legal obligations of stockbrokers, and much more.
They also own shares of Disney (NYSE: DIS) and an array of growth-oriented mutual funds and unit investment trusts (U.
 
 
 
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