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investment trust |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia | 0.03 sec. |
investment trustPublic company that makes investments in other companies on behalf of its shareholders. It may issue shares to raise capital and issue fixed interest securities. |
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He is a member of the International Council of Shopping Centers, the National Association of Real Estate Investment Trusts and the National Council of Real Estate Investment Fiduciaries. In short, unit investment trusts (UIT) are securities that are bundled together and then sold in pieces to investors, generally for $1,000 or less. Berkshire Hathaway said it was responding reluctantly to attempts by several money managers to exploit its reputation by creating investment trusts to sell investors fractional units of Berkshire Hathaway stock. |
Investment trusts
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