Important Financial Investment Terms
Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
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Definition of 'UIT - Unit Investment Trust'
Money invested in a portfolio whose composition is fixed for the life of the fund, as redeemable "units" to investors for a specific period of time. A Unit Investment Trust is designed to provide capital appreciation and/or dividend income.