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

Other Related Pages: Category: Taxes Starting With: M

Additional Related Terms: 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