A unit investment trust which has a predetermined life. At the end of its life, the trust assets are liquidated and distributed to unit holders. A defined asset fund may consist of securities, blue chip stocks or high yielding stocks in a major exchange.
Related information about defined asset fund:
- Defined Asset Fund - Financial Dictionary - The Free Dictionary
A unit investment trust consisting of a fixed portfolio of securities, including blue chips, REITs, or high-yielding stocks on a major exchange such as the NYSE or ...
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- What is defined asset fund? definition and meaning
Definition of defined asset fund: A unit investment trust which has a predetermined life. At the end of its life, the trust assets are liquidated and distributed to unit ...
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Each Defined Asset Fund is a portfolio of preselected securities. ... Your financial professional can help you select a Defined Asset Fund to meet your personal ...
- defined contribution pension plan - Invest Definition
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