Meaning Defined asset fund
What does Defined asset fund mean? Here you find 3 meanings of the word Defined asset fund. You can also add a definition of Defined asset fund yourself
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Defined asset fundA unit investment trust consisting of a fixed portfolio of securities, including blue chips, REITs, or high-yielding stocks on a major exchange such as the NYSE or FTSE.
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Defined asset fundDefinition A unit investment trust which has a predetermined life. At the end of its life, the trust assets are liquidated and distributed to unit holders. A defined asset fund may consist of securiti [..]
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Defined asset fundA unit investment trust consisting of a fixed portfolio of securities, including blue chips, REITs, or high-yielding stocks on a major exchange such as the NYSE or FTSE.
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