HomeDefinitionsCompareDebt Defined asset fundThe financial definition for Defined asset fund:A 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. Similar MatchesDefined benefit planDefined benefit planA pension plan obliging the sponsor to make specified dollar payments to qualifying employees. The pension obligations are effectively the debt obligation of the plan sponsor. Related: Defined contribution plan Defined contribution planDefined contribution planA pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan Click to compare definitions of Defined asset fund Click to view definitions beginning de |