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.

Other Words for Municipal

Municipal Noun Synonyms: civic, civil, metropolitan, urban, city, town, village, borough, parish, council
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Other Words for Trust

Trust Noun Synonyms: confidence, reliance, faith, conviction, certitude, certainty, sureness, positiveness, assurance, belief
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Qualified Plan Or Trust

Business / Finance / Qualified Plan Or Trust: A tax-deferred plan allowing employer and employee contributions that build up savings, which are paid out at retirement or on termination of employment. Tax is paid only when amounts are drawn from t MORE

Real Estate Investment Trust (REIT)

Business / Finance / Real Estate Investment Trust (REIT): REITs invest in real estate or loans secured by real estate and issue shares in such investments. A REIT is similar to a closed-end mutual fund. MORE

Real Estate Mortgage Investment Conduit (REMIC)

Business / Finance / Real Estate Mortgage Investment Conduit (REMIC): A pass-through tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of pass-through certificates, bond MORE

Registered Investment Adviser

Business / Finance / Registered Investment Adviser: SEC-registered individual or firm that substantiates completion of education and work experience in the field, and pays an annual membership fee. MORE

Qualified Domestic Trust (QDOT)

Business / Taxes / Qualified Domestic Trust (QDOT): If your spouse isn’t a US citizen and your estate is large enough to risk being vulnerable to estate taxes, you can use a qualified domestic trust (QDOT) to allow your spouse to enjoy the benefit of MORE

Program-Related Investment

Business / Loan / Program-Related Investment: Broad, functional definition: A method of providing support to an organization, consistent with program goals involving the potential return of capital within an established time frame. In the context MORE

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