unit investment trust

(redirected from Fixed trust)
Also found in: Thesaurus, Financial.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in periodicals archive ?
Unlike, a 'bare trust', which has a single beneficiary, there can also be a 'fixed trust' for more than one beneficiary.
'Unlike a bare trust which has a single beneficiary, there can also be a 'fixed trust' for more than one beneficiary.
If the communication was successful, then it assigns a high fixed trust. Otherwise, it assigns a low fixed trust.