share in a unit trust

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• unit trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. unit trust …   Law dictionary

• 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

• 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

• unit — More than one class of securities traded together ( e.g., one common share and three subscription warrants ). Bloomberg Financial Dictionary Securities representing a portion of assets pooled by investors: run by a management company whose share… …   Financial and business terms

• unit — n. 1 a an individual thing, person, or group regarded as single and complete, esp. for purposes of calculation. b each of the (smallest) separate individuals or groups into which a complex whole may be analysed (the family as the unit of society) …   Useful english dictionary

• unit — / ju:nɪt/ noun 1. a single product for sale 2. a single share in a unit trust …   Dictionary of banking and finance

• 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

• share exchange — A service offered by most unit trust managements and life assurance companies, in which the trust or company takes over a client s shareholding and invests the proceeds in unit trust funds, etc. , of the client s choice. The client is thereby… …   Big dictionary of business and management

• 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

• B share — B shares receive shares as a form of income, instead of dividends and are therefore attractive to investors who have to pay a high rate of income tax. Financial Services Glossary * * * A/​B/​C share A/​B/​C share ➔ Share * * * B share UK US noun… …   Financial and business terms

• A share — A/​B/​C share A/​B/​C share ➔ Share * * * A share UK US noun [C] ► STOCK MARKET, FINANCE a type of share in a unit trust or mutual fund (= investment service managed by financial experts) that carries a sales charge when it is bought rather than… …   Financial and business terms