Definition of "Unit Investment Trust"

An investment company organized under a trust indenture rather than a corporate charter. Investments are made in a fixed portfolio usually consisting of bonds, and deposited with a trustee, which is normally a bank. The trust is scheduled to be liquidated on a specified date, although there is a limited market for trust units or shares which are generally held to maturity. The return on unit trusts is fixed and usually paid out monthly.

For expert help with your annuity call toll-free 866-866-1999
© Copyright 2004 - 2008 Total Return Annuities
Enter your state, age, and dollar amount and click to calculate.

Optional - Enter Joint Annuity info.


Enter An Amount and Click to Calculate

Premium Amount:
Need help? call 1-866-866-1999