Unit Share Investment Trust

Unit Share Investment Trust
( USIT)
A unit investment trust comprising one unit of prime and one unit of score. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • Investment trust — Investment trusts are companies that invest in the shares of other companies for the purpose of acting as a collective investment.cite web title = Investment Trusts work = Your Money publisher = The Motley Fool date= 13 March 2006 url =… …   Wikipedia

  • investment trust — A closed end fund regulated by the Investment Company Act of 1940. These funds have a fixed number of shares that are traded on the secondary markets , like corporate stock. The market price may exceed the net asset value per share, in which case …   Financial and business terms

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  • Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… …   Wikipedia

  • unit trust — 1. Also called fixed investment trust, fixed trust. an investment company that has a fixed portfolio of securities, usually of a single type, such as municipal bonds or corporate bonds, which are held to maturity: each investor receives a share… …   Universalium

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  • share — n 1: a portion belonging to, due to, or due from an individual a joint tortfeasor is liable for her share of the damages; specif: the part allotted or belonging to one of a number owning together any property or interest the share of a joint… …   Law dictionary

  • investment fund — ➔ fund1 * * *    An investment fund is any that manages portfolios of money. There are basically two types of investment funds open ended mutual funds, which are also known as unit trusts, and closed end publicly quoted funds, which are known as… …   Financial and business terms

  • Unit Trust of India — was created by the UTI Act passed by the Parliament in 1963.For more than two decades it remained the sole vehicle for investment in the capital market by the Indian citizens. In mid 80 s public sector banks were allowed to open mutual funds. The …   Wikipedia

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