Investment Certificate

Business / Finance / Investment Certificate: A document that serves as proof that an individual has an investment in a savings and loan association.

Mutually Exclusive Investment Decisions

Business / Finance / Mutually Exclusive Investment Decisions: Investment decisions in which the acceptance of a project precludes the acceptance of one or more alternative projects. MORE

Negotiated Certificate Of Deposit

Business / Finance / Negotiated Certificate Of Deposit: A large-denomination CD, generally $1MM or more, that can be sold but cannot be cashed in before maturity. MORE

Net Investment

Business / Finance / Net Investment: Gross, or total, investment minus depreciation. MORE

Municipal Investment Trust (MIT)

Business / Finance / Municipal Investment Trust (MIT): A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free. MORE

Municipal Improvement Certificate

Business / Finance / Municipal Improvement Certificate: A certificate used to finance local government projects and services that are financed by a special tax assessment. Its interest is tax-free. MORE

Monthly Investment Plan

Business / Finance / Monthly Investment Plan: A plan in which a certain amount is invested each month in order to benefit from dollar cost averaging. MORE

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