Municipal investment trust
A unit Investment trust which invests in municipal bonds and passes the income, usually tax-free, to ITS shareholders.
Related Terms: 11
Inc., Investment trust, ITS, Muni, Municipal bond, Shareholder, Share, Tax, Trust, Unit, Unit Investment Trust
Semi Related Terms: 511 CLICK HERE TO VIEW
Annuity unit,
Accrual bond,
Accumulation bond,
After-tax basis,
Agency bond,
American Municipal Bond Assurance Corporation,
Assumed bond,
Authority bond,
All or any part,
Accumulated earnings tax,
American Depositary Share,
All-risks coverage,
Add-on service,
Action to quiet title,
As is,
Assignment to creditors,
Attorney in fact,
A shares,
Automatic investment plan,
Average price per share,
At the money,
Accumulation unit,
After-tax contributions,
Across the board,
Additional paid-in capital,
Abusive tax shelter,
After-tax,
Alternative Minimum Tax,
Against the box,
At the bell,
At the close,
At the figure,
At the full,
At the market,
At the opening order,
Automated Pricing and Reporting System,
Away from the market,
Below the line,
Book value per share,
Bank Trust Department,
Baby bond,
Bearer bond,
Bid-to-cover ratio,
Bill pass,
Blanket bond,
Bond anticipation note,
Bond Buyer,
Bond circular,
Bond crowd,
Bond equivalent yield,
Bond fund,
Bond indenture,
Bond market,
Bond ordinance,
Bond quote,
Bond resolution,
Bond swap,
Brady bond,
Bullet bond,
Brought over the wall,
Buying on margin,
Buy on close,
Buy on opening,
Buy the book,
Basic earnings per share,
Breaking the syndicate,
Breach of trust,
By the book,
B shares,
Buy and write,
Bearer share,
Bonus share,
Balanced investment strategy,
Before-tax income,
Break-even tax rate,
Beat the gun,
Capital investment,
Current income,
Callable bond,
Called bond,
Catastrophe bond,
CAT bond,
Certificateless municipal bond,
Collateralized Bond Obligation,
Collateral trust certificate,
Combination bond,
Committee on Uniform Securities Identification Procedures,
Commodity-backed bond,
Companion bonds,
Consolidated bond,
Corporate bond equivalent,
Corporate trust,
Coupon bond,
Coupon pass,
Current coupon bond,
Capitalization of income,
Cash and carry trade,
Chasing the market,
Cheapest to deliver,
Closed-end investment company,
Collective trust,
C shares,
Close to the money,
Cloud on title,
Class A Shares,
Class B Shares,
Capital gains tax,
Child and dependent care credit,
Consolidated tax return,
Cup and handle,
Close a position,
Cornering the market,
Curbs in,
Deferred tax,
Deposit in transit,
Deep-discount bond,
Deferred interest bond,
Discount bond,
Discounted bond,
Dollar bond,
Dual currency bond,
Division of Investment Management,
Dividend in arrears,
Desk (the),
Directed share program,
De-escalation clause,
De facto,
Discretionary trust,
Doing business as,
Debtor in possession,
Debtor-in-possession financing,
Deed of Trust,
Due-on-sale clause,
Deep in the money,
Deep out of the money,
Department of Housing and Urban Development,
Defensive investment strategy,
Dogs of the Dow,
Disposable income,
Escrowed to maturity,
Eurodollar bond,
Euroyen bond,
European Currency Unit,
E-mini,
Effective tax rate,
Ex-all,
Estate tax,
Employee Retirement Income Security Act of 1974,
Earned income tax credit,
Estimated tax,
Excess profits tax,
Excise tax,
First In First Out,
Federal Savings and Loan Association,
Fidelity bond,
Fixed income,
Fixed income equivalent,
Fixed-income arbitrage,
Flight to quality,
Floating-rate bond,
Free bond,
Free riding,
Front-ending an order,
Fractional share,
Forward P/E,
Fully diluted earnings per share,
Fed pass,
Free enterprise,
Free market,
Free market price,
Free trade,
Foreign direct investment,
Form S-1,
Friends and family offering,
Full faith and credit,
Free and clear,
Fixed investment trust,
Free float,
Free right of exchange,
Federal Tax Identification Number,
Federal tax lien,
Flat tax,
Franchise tax,
Free delivery,
Gross income,
General Obligation Bond,
Ginnie Mae pass-through,
Global bond,
Gold bond,
Government Bond,
Guaranteed bond,
Guaranteed Investment Contract,
General Agreement on Tariffs and Trade,
Growth and income fund,
Ginnie Mae trust,
Gather in the stops,
Gift tax,
High-grade bond,
Housing bond,
Hit the bid,
Health Insurance Portability and Accountability Act,
Holder in due course,
Hidden tax,
Head and shoulders,
Hammering the market,
Held at the opening,
Holding the market,
Income statement,
Investment flows,
Income bond,
Index bond,
Index-linked bond,
Industrial revenue bond,
In escrow,
Installment bond,
Insured bond,
Interchangeable bond,
Investment bill,
Investment-grade bond,
Investment letter,
Investment security,
Investment value,
Irredeemable bond,
In-house,
Investment Advisor Act of 1940,
Investment bank,
Investment banker,
Investment Bankers Association,
Investment banking,
Investment banking group,
Investment Company Act of 1940,
Income coverage,
Income stock,
In line,
Income distribution,
Investment multiplier,
Individual policy pension trust,
Inc.,
In intestacy,
Inter vivos trust,
In play,
In-process research and development,
Income fund,
Income risk,
Investment company,
Investment fund,
Investment objective,
Investment policy,
Investment trust,
I/O strip,
Income property,
Inheritance tax,
Investment property,
Income replacement ratio,
In-service withdrawal,
Investment philosophy,
Income exclusion rule,
Individual tax return,
In and out,
In sympathy,
In the tank,
ITS,
Junk bond,
Jointly and severally,
Jumping the gun,
Joint and several liability,
Joint and survivor annuity,
Joint tax return,
Last In First Out,
Long Bond,
Lending at a rate,
Limit-on-close order,
London International Financial Futures and Options Exchange,
Living trust,
Loan-to-cost,
Loan-to-value,
Lock-in,
Leading the market,
Locked in,
Luxury tax,
Level I quotes,
Maintenance bond,
Medium-term bond,
Moral obligation bond,
Mortgage bond,
Mortgage pass-through security,
Muni,
Municipal bond,
Municipal bond fund,
Municipal bond insurance,
Municipal Bond Insurance Association,
Municipal investment trust,
Municipal note,
Municipal revenue bond,
Muni fund,
Make a market,
Market on close order,
Mark-to-market,
Marginal propensity to consume,
Modified pass-through,
Market-share weighted index,
Net income,
Net income multiplier,
Net investment,
Net Operating Income,
Nine-Bond Rule,
Non-callable bond,
Nondiscretionary trust,
Null and void,
Non-resident alien tax,
National Association of Real Estate Investment Trusts,
Non-investment property,
Off the books,
Obligation bond,
Over-the-Counter,
On-floor order,
On margin,
Other income,
One-share one-vote rule,
On account,
On-the-spot loan,
Option income fund,
Option holder,
Out of the money,
Old age, survivors, and disability insurance,
Ordinary income,
On-balance volume,
On close,
On open,
On the opening,
Pre-tax profit margin,
Profit and loss statement,
Par bond,
Pass-through,
Pass-through coupon rate,
Payment-in-kind security,
Performance bond,
Phantom income,
Pickup bond,
Premium bond,
Premium over bond value,
Price Value of a Basis Point,
Prior lien bond,
Private sector pass-through,
Privileged bond,
Public bond,
Public purpose bond,
Put bond,
P&L,
Primary earnings per share,
Provision for income taxes,
Premium income,
Passive income,
Property tax,
Paid-in capital,
Paid-in surplus,
Participating trust,
Private Investment in Public Equity,
Progressive tax,
Proportional tax,
Point-and-figure chart,
Painting the tape,
Qualified trust,
Qualifying share,
Reports and Records,
Return on Capital,
Return on Invested Capital,
Return on Total Assets,
Real Estate Mortgage Investment Conduit,
Redeemable bond,
Registered coupon bond,
Revenue bond,
Reading the tape,
Regulation D,
Regulation T,
Regulation U,
Regulated investment company,
Regulation A,
Revisionary trust,
Revocable trust,
Right to Know,
Regressive tax,
Return on Capital Employed,
Selling, General and Administrative Expenses,
SG&A,
Savings and Loan,
S&L,
Savings Bond,
Secured bond,
Securities and Exchange Commission,
Self-supporting bond,
Serial bond,
Series bond,
Series EE bond,
Series HH bond,
Short bond,
Split coupon bond,
Step-up bond,
Straight bond,
Super sinker bond,
Surety bond,
Sell the book,
Specialist unit,
Shareholder,
Second-to-die insurance,
Share,
Statutory investment,
Sale and leaseback,
Share appreciation mortgage,
Systematic investment plan,
Selling the spread,
Social Security Tax,
Shareholder value,
Share price,
Selling short against the box,
Shorting against the box,
Sales tax,
S Corporation,
Self-employment tax,
Separate tax returns,
Sin tax,
Subchapter M,
Subchapter S Corporation,
Schedule C,
Seek a market,
S&P phenomenon,
Stop and reverse,
Tax anticipation note,
Tax-exempt bond,
Tax renevue anticipation note,
T-Bill,
Term bond,
Term to maturity,
Treasury Bond,
Trust-preferred security,
Take a position,
Trailing P/E,
Tax haven,
Tax,
Tax schedule,
Tenancy by the entirety,
Testamentary trust,
Trust,
Trust company,
Trust fund,
Truth in Lending,
Tax-free bond fund,
Tax-managed fund,
Term trust,
Tax lien,
Tax roll,
Transfer tax,
Tax deferral,
Tax-deferred,
The Street,
Timing the market,
Taxable income,
Tax-advantaged,
Tax audit,
Tax base,
Tax basis,
Tax bracket,
Tax-deductible,
Tax deduction,
Tax-efficient,
Tax evasion,
Tax-exempt,
Tax identification number,
Tax loss carryback,
Tax loss carryforward,
Tax lot,
Tax planning,
Tax preference item,
Tax Reform Act of 1986,
Tax Reform Act of 1993,
Tax return,
Tax sale,
Tax shelter,
Tax shield,
Tax swap,
Tax tables,
Take a bath,
U.S. Government Agency Security,
U.S. Savings Bond,
U.S. Treasury,
U.S. Treasury Bill,
U.S. Treasury Bond,
U.S. Treasury Note,
U.S. Treasury Securities,
Unit,
Unlimited tax bond,
Unit Investment Trust,
Unit Trust,
Unified Tax Credit,
Unit of trade,
Unit of trading,
Voting trust,
Value Added Tax,
Widow-and-orphan stock,
W-2 Form,
W formation,
When, as, and if issued,
X or XD,
Year-To-Date,
Yankee bond market,
Yield to call,
Yield to maturity,
Yield to worst,
Y shares,
Zero-coupon bond,
Zero-investment portfolio