same as unit investment trust. An SEC-registered investment company which purchases a fixed, unmanaged portfolio of income-producing securities and then sells shares in the trust to investors. The major difference between a Unit investment Trust and a mutual fund is that a mutual fund is actively managed, while a unit investment trust is not managed at all. Capital gains, interest and dividend payments from the trust are passed on to shareholders at regular periods. If the trust is one that invests only in tax-free securities, then the income from the trust is also tax-free. A unit investment trust is generally considered a low-risk, low-return investment. One downside of a unit investment trust is that given the fixed nature of its portfolio, the trust is susceptible to inflation. also called unit investment trust or participating trust or fixed investment trust.
Related information about fixed investment trust:
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A fixed investment trust that is held by at least one third party, or middleman, rather than the owner of the trust. A widely held fixed investment trust (WHFIT) is set ...
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Get ready for some new tax reporting requirements this tax season. For holders of publicly traded securities organized as grantor trusts (this includes ...
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Definition of fixed investment trust in the AudioEnglish.net Dictionary. Meaning of fixed investment trust. What does fixed investment trust mean? Proper usage ...
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Fixed Investment Trust. (WHFIT) Guide. The purpose of this 2011 Tax Guide supplement is to inform you of the new Internal Revenue Service (IRS) regulations ...
- Fixed investment trust - Dictionary.com - Reference.com
fixed investment trust. noun. an investment trust that can buy only those securities listed when the trust was organized [syn: nondiscretionary trust] ...
- 830 CMR 62.8.1 Fixed Investment Trusts
(a) A fixed investment trust, as that term is defined in 830 CMR 62.8.1, is not, as an entity, engaged in any business, activity or transaction for purposes of M.G.L. ...