Term trust(redirected from Term Trusts)
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A unit investment trust with a maturity date. That is, a term trust is an unmanaged portfolio of securities that an investor may buy. At the maturity date, all shares in the term trust are redeemed, and shareholders are entitled to the profits (or must suffer the losses) that the portfolio has achieved over its life. It is a type of closed-end investment company.
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