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Fixed Trust

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Fixed trust
A unit investment trust consisting of securities that were agreed upon at the time of investment and are held for the duration of the trust.

Unit Investment Trust
An investment company that offers an unmanaged portfolio of stocks and/or bonds, packaging the portfolio as shares that are redeemable from the trust after a certain period of time. Unit investment trusts are designed to give shareholders income from dividends and/or coupons. See also: Mutual fund.

fixed trust


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Trusts can be divided into any number of different kinds, but in many cases people divide them into two types; the fixed trust and the discretionary trust In a fixed trust, the beneficiaries and the amounts to be paid to them are decided in advance and specified by the testator as part of the text of the agreement Trusts can be divided into any number of different kinds, but in many cases people divide them into two types; the fixed trust and the discretionary trust.
The draft legislation did not accord with prior announcements -- it would exempt fixed trusts and would not in fact tax trusts like companies -- and represented the highly ideological left-of-centre philosophies that have become expected from the Australian Taxation Office.
 
 
 
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