UIT

Unit Investment Trust (UIT)
A type of investment company that typically makes a one-time "public offering" of only a specific, fixed number of units.

A UIT does not have a board of directors, corporate officers, or an investment adviser to render advice during the life of the trust.

A UIT will have a termination date (a date when the UIT will terminate and dissolve) that is established when the UIT is created (although some may terminate more than fifty years after they are created).

For UIT, a U.S. fund type, see Unit Investment Trust.
A unit trust is a form of collective investment constituted under a trust deed.

com UIT Unit Investment Trust. A SEC-registered investment company that purchases a... Ukrainian Hryvnia The official currency of Ukraine. Learn more about Ukraine and the Ukraine Hryvnia at GoCurrency.

u Unit Investment Trust (UIT) An SEC-registered investment company which purchases a fixed, unmanaged portfolio of income-producing securities and then sells shares in the trust to investors.

Unit Investment Trust (UIT)
Definition: A unit investment trust (UIT) is a trust set up to invest in income securities, such as bonds. When the securities generate income, it is paid out to shareholders in the trust.

One advantage of a UIT, as they are known, is that, held to maturity and barring any default, you get your principal back.

Unit Investment Trust (UIT) An investment vehicle (offered by a large investment firm) that consists of a fixed portfolio of securities (e.g., bonds, shares, or mortgage-backed securities). Units in the trust are sold to investors through brokers.

A DIAMOND is an index-based unit investment trust (UIT) that holds the 30 stocks in the Dow Jones Industrial Average (DJIA). It's similar in structure to an exchange traded fund (ETF).

Unit Investment Trust - UIT
An investment company that offers a fixed, unmanaged portfolio, generally of stocks and bonds, as redeemable "units" to investors for a specific period of time.

Unit Investment Trust (UIT)
A fixed portfolio of securities purchased by a company registered with the SEC, offering shares in the trust to investors. The difference between a unit trust and a mutual fund is the lack of active management.

A unit investment trust is also called a UIT and is basically just a closed-end mutual fund. There are a few differences, however. First of all, the unit investment trust is going to hold all of the purchased bonds until they mature.

Unit Investment Trust (UIT): An unmanaged portfolio of professionally selected securities that are held for a specified period of time.

A unit investment trust (UIT) are investment funds that are created with a fixed portfolio of investments that never changes over the life of the trust.

See also: Investment, Investment trust, Fund, Trust, Unit investment trust