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income unit

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  • income unit — noun A type of unit trust in which a regular dividend is paid to the holder instead of accumulating in the capital fund • • • Main Entry: ↑income …   Useful english dictionary

  • 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. It is designed to provide capital appreciation and/or dividend income. Unit investment… …   Investment dictionary

  • Income protection insurance — (IPI) is a UK insurance policy paying benefits to policyholders who are incapacitated and hence unable to work due to illness or accident. IPI policies were formerly called Permanent Health Insurance (PHI).Relevant concepts* Incapacity will be… …   Wikipedia

  • income tax — n: a tax on the net income of an individual or a business compare excise, property tax Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Income splitting — is a method of reducing a family s income tax in a jurisdiction that employs progressive taxation. In situations where one member of a household earns considerably more than another, they will likely be in a higher tax bracket, and thus have to… …   Wikipedia

  • unit investment trust — n. A registered trust that purchases fixed income securities and holds them to maturity, sold to investors in units (typically of $1,000 each). abbrv. UIT The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy… …   Law dictionary

  • Unit fine — A unit fine system is a judicial sentence in which the amount of the fine depends upon the offender s means.DistributionUnit fine systems are common and standard in many jurisdictions across the world, notably in Commonwealth countries such as… …   Wikipedia

  • Income trust — An income trust is an investment trust that holds income producing assets. The term also designates a legal entity, capital structure and ownership vehicle for certain assets or businesses. Its shares or trust units are traded on securities… …   Wikipedia

  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

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