Examples of Unit investment trust in a sentence
Classification of fund (check only one): [x] Management company; [ ] Unit investment trust; or [ ] Face-amount certificate company.
Management company; [ ] Unit investment trust; or [ ] Face-amount certificate company.
Classification of fund (check only one):[ X] Management company; [ ] Unit investment trust; or[ ] Face-amount certificate company.
Unit investment trust − collective investment scheme consisting of monetary funds investors have entrusted with managing rights, and of property derived from managing the monetary funds.
Unit investment trust companies are organized under a trust indenture, contract of custodianship or agency, or similar instrument, do not have a board of directors, and issue only securities redeemable at the request of the security holder, each of which represents an undivided interest in a unit of specified securities, but does not include voting trusts.