Municipal Investment Trust

( MIT)
A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free. Bloomberg Financial Dictionary

Financial and business terms. 2012.

Look at other dictionaries:

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  • United States trust law — Introduction Most law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first attempt to… …   Wikipedia

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  • Certified California Municipal Treasurer — A Certified California Municipal Treasurer (CCMT) is a post nominal professional certification awarded by the California Municipal Treasurers Association (CMTA) to California public treasurers who meet standards of education, experience and a… …   Wikipedia

  • Government Investment Pool — A Government Investment Pool (GIP), or Local Government Investment Pool (LGIP), is a state or local government pool offered to public entities for the investment of public funds. These pools are important investments tools, offering safety with a …   Wikipedia

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