Topical Terminology > Unit Investment Trust
Unit Investment Trust
For Unit Investment Trust we have terms and definitions in 2 topics. The topics are Finance and Securities.
Unit Investment Trust (Finance) 
Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value.
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Unit Investment Trust (Securities)
An investment company that creates a portfolio of securities, often municipal bonds, and then sells the portfolio to investors.
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