|Unit investment trust|
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Definition of Unit investment trust
Unit investment trust
Money invested in a portfolio whose composition is fixed for the life of the fund.
Dollar deposits held in Singapore or other Asian centers.
A bond in which the issuer (often a holding company) grants investors a lien on
DTC is a user-owned securities depository which accepts deposits of
Automatic reinvestment of shareholder dividends in more shares of a
Doctrine that says a nation may not be tried in the courts of another country
Certificates issued by a trust that was formed to purchase an asset and lease it
An index of foreign exchange consisting of about 10 European currencies,
The return one can expect to earn on an investment. See: capital asset
The acquisition abroad of physical assets such as plant and equipment, with
The options to identify additional, more valuable investment opportunities
A mechanism of issuing MBS wherein the mortgages' collateral is deposited with a trustee
Opportunity to invest in profitable projects.
A pure investment product in which a life company agrees, for a
Related: financial analysts
Financial intermediaries who perform a variety of services, including aiding in the sale of
Decisions concerning the asset side of a firm's balance sheet, such as the decision to
Investment grade bonds
A bond that is assigned a rating in the top four categories by commercial credit
The revenue from a portfolio of invested assets.
Also called a portfolio manager and money manager, the individual who manages a
Investment product line (IPML)
The line of required returns for investment projects as a function of beta
Investment tax credit
Proportion of new capital investment that can be used to reduce a company's tax bill
A closed-end fund regulated by the investment Company Act of 1940. These funds have a
As a discipline, the study of financial securities, such as stocks and bonds, from the investor's
investments that a regulated entity is permitted to make under the rules and regulations
Mutually exclusive investment decisions
investment decisions in which the acceptance of a project
Gross, or total, investment minus depreciation.
Net present value of growth opportunities
A model valuing a firm in which net present value of new
Net present value of future investments
The present value of the total sum of NPVs expected to result from
Opportunity cost of capital
Expected return that is foregone by investing in a project rather than in
The difference in the performance of an actual investment and a desired investment
The possible expected return and standard deviation pairs of all portfolios that can be
Passive investment strategy
See: passive management.
Passive investment management
Buying a well-diversified portfolio to represent a broad-based market
An interest in an asset held by a trustee for the benefit of another person.
Portfolio opportunity set
The expected return/standard deviation pairs of all portfolios that can be
Present value of growth opportunities (NPV)
Net present value of investments the firm is expected to make
The rate at which an investor assumes interest payments made on a debt security can be
The risk that proceeds received in the future will have to be reinvested at a lower potential
REIT (real estate investment trust)
Real estate investment trust, which is similar to a closed-end mutual
REMIC (real estate mortgage investment conduit)
A pass-through tax entity that can hold mortgages
Return on investment (ROI)
Generally, book income as a proportion of net book value.
Short-term investment services
Services that assist firms in making short-term investments.
A closed-end fund that has a fixed termination or maturity date.
Agreement between trustee and borrower setting out terms of bond.
Receipt for goods that are to be held in trust for the lender.
The mirror image of the asset substitution problem, wherein stockholders refuse
Unit benefit formula
Method used to determine a participant's benefits in a defined benefit plan by
A portfolio of zero net value established by buying and shorting component
RETURN ON INVESTMENT (ROI)
In its most basic form, the rate of return equals net income divided by the amount of money invested. It can be applied to a particular product or piece of equipment, or to a business as a whole.
UNITS OF PRODUCTION
A depreciation method that relates a machine’s depreciation to the number of units it makes each
A division or unit of an organization that is responsible for achieving an adequate return on
The lost opportunity of not doing something, which may be financial or non-financial, e.g. time.
Return on investment (ROI)
The net profit after tax as a percentage of the shareholders’ investment in the business.
capital investment analysis
Refers to various techniques and procedures
return on investment (ROI)
A very general concept that refers to some
The profit per unit sold of a product after deducting product
Expenses that vary in close proportion to changes
The commitment of funds (capital) in anticipation of an increased
a unit that has been rejected at a control inspection
equivalent units of production (EUP)
an approximation of the number of whole units of output that could have been
a responsibility center in which the manager
a judgment about which assets will be
a potential benefit that is foregone because
opportunity cost of capital
the highest rate of return that
the process of gathering information
an assumption made about the rates of return that will be earned by intermediate cash flows from a capital project; NPV and PI assume reinvestment at the discount rate; IRR assumes reinvestment at the IRR
return on investment
a ratio that relates income generated
a unit that is rejected at a control inspection
total units to account for
the sum of the beginning inventory
a cost caused by the production or acquisition
units started and completed
the difference between the number of units completed for the period and the units in beginning inventory; it can also be computed as the number of units started during the period minus the units in ending inventory
Lost revenue that would otherwise have been realized if a different
Bonds rated Baa or above by Moody’s or BBB or above by Standard & Poor’s.
opportunity cost of capital
Expected rate of return given up by investing in a project.
Benefit or cash flow forgone as a result of an action.
present value of growth opportunities (PVGO)
Net present value of a firm’s future investments.
Middleman between a corporation issuing new securities and the public. The middleman buys the securities issue outright and then resells it to customers. Also called an underwriter.
Expenditures on capital goods including new housing. Financial ''investments" and sales of existing assets are not included.
Investment Tax Credit
A reduction in taxes offered to firms to induce them to increase investment spending.
investment spending minus depreciation.
The forgone value of an alternative not chosen, usually the most profitable alternative.
Personal Responsibility and Work Opportunity Reconciliation Act
A federal Act requiring the reporting of new hires into a national database.
Unit of measure (UOM, UofM)
The summarization unit by which an item is tracked, such as a
Business Expansion Investment
The use of capital to create more money through the addition of fixed assets or through income producing vehicles.
Money used to purchase fixed assets for a business, such as land, buildings, or machinery. Also, money invested in a business on the understanding that it will be used to purchase permanent assets rather than to cover day-to-day operating expenses.
Organization usually combined with a commercial bank, which is engaged as a trustee for individuals or businesses in the administration of trust funds, estates, custodial arrangements, stock transfer and registration, and other related services.
guaranteed investment certificate (GIC)
A GIC is an investment that gives you a guaranteed rate of return over a fixed period of time, usually between 30 days and 5 years. GICs are available from banks, trust companies, and other financial institutions.
qualified investments (Canada)
Qualified investments is the term used for investments that can be held in an RSP. These investments generally include:
Regular Investment Plan (RIP)
A plan under which you may make regular deposits of the same amount to your Mutual Funds account once a month, once every 2 weeks, or once a week. You can also make regular deposits up to four times a month on any dates you choose.
Through equity investment, investors gain part ownership of the corporation. The primary type of equity investment is corporate stock.
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