fixed trust

fixed trust
A unit investment trust consisting of securities that were agreed upon at the time of investment and do not change. Bloomberg Financial Dictionary

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fixed trust fixed trust trust

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fixed trust UK US noun [C] LAW, FINANCE
a trust (= arrangement to manage money or property) in which money can only be put into particular types of investment: »

Trustees have no say on how the assets in a fixed trust are distributed.

Financial and business terms. 2012.

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Look at other dictionaries:

  • fixed trust — fixed trust, an investment trust in which members are allowed to make investments only in a small number of specified securities; unit trust …   Useful english dictionary

  • fixed trust — See: nondiscretionary trust Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

  • fixed trust — /fɪkst ˈtrʌst/ (say fikst trust) noun Law 1. a trust, the beneficiaries of which are specified in the trust instrument (opposed to discretionary trust). 2. a unit trust whose trust deed provides for a fixed portfolio of investments during the… …  

  • fixed trust. — See unit trust (def. 1). [1925 30] * * * …   Universalium

  • fixed trust. — See unit trust (def. 1). [1925 30] …   Useful english dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • 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

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • Trust (Recht) — Ein Trust ist im juristischen Sinn eine von einer Person unter Lebenden[1] oder für den Todesfall[2] geschaffenen Rechtsbeziehung,[3] wenn Vermögen zugunsten eines Begünstigten oder für einen bestimmten Zweck abgesondert und der gebundenen… …   Deutsch Wikipedia

  • trust — A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the grantor. Bloomberg Financial Dictionary See… …   Financial and business terms

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