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Municipal Investment Trust (MIT)

The financial definition for 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.




Similar Matches

Alternative investments

Alternative investments
Refers to investments in hedge funds. Many hedge funds pursue strategies that are uncommon relative to mutual funds. Examples of alternative investment strategies are: long-short equity, event driven, statistical arbitrage, fixed income arbitrage, convertible arbritage, short bias, global macro, and equity market neutral.


Automatic reinvestment

Automatic reinvestment
See: Constant dollar plan.


Bank Investment Contract (BIC)

Bank Investment Contract (BIC)
Interest guaranteed by the bank in a Interest over a specific time frame with a specific Interest.


Further Suggestions

Capital investment
Community Reinvestment Act (CRA)
Direct investment
Diversified investment company
Expected return on investment
Finite Life Real Estate Investment Trust (FREIT)
Foreign direct investment (FDI)


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Municipal Investment Trust (MIT)
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