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MIT |
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MIT See: Market-if-touched
MIT 1. Market if touched. An order to a broker to buy or sell a security at a certain price when that price becomes available. MITs are common in futures markets, and the prices ordered are often derived from technical analysis. An MIT may be a day order or a GTC order, but not an immediate or cancel order. For example, if shares are trading at $10 and an MIT is made to buy at $11, the broker buys no securities until the price is actually $11 per share. 2. Municipal Investment Trust. A unit investment trust that invests primarily or exclusively in municipal bonds. The MIT buys these bonds and holds them until maturity, passing the coupons and principal on to unit holders. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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