We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.
© 2016 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Unit Investment Trust


Also called a UIT, a unit investment trust is like a mutual fund, but without the management and with an expiration date.

Like a mutual fund, there are stocks and bonds, and the whole thing can be traded on the secondary market.

The goal of the UIT is usually to create income.