UIT meaning in Business ?

Answer:

What is Unit Investment Trust mean?

In U.S. financial law, a unit investment trust (UIT) is an exchange-traded mutual fund offering a fixed (unmanaged) portfolio of securities having a definite life. Unlike open-end and closed-end investment companies, a UIT has no board of directors. A UIT is registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and is classified as an investment company.UITs are assembled by a sponsor and sold through brokerage firms to investors.

reference

Full Form	Category
University Institute of Technology	Academic & Science
University Information Technology	Academic & Science
Usman Institute of Technology, Hamdard University	Academic & Science
Jaluit Island	Airport Code
Unit investment trusts	Business
Unit Investment Trust	Business
Union des Industries Textiles	Community
Union Internationale des Télécommunications	Computing
Universal Institute of Technology	Computing
Using Information Technology	Computing
Ultrasonic Impact Technology	Computing
Unique Item Tracking	Computing
United Information Technologies	Computing
United Information Technology	Computing
University Information and Technology	Computing
Unidad Impositiva Tributaria	General
Universitetet i Tromsø	General
Underground Imaging Technologies	General
Utrecht Introduction Time	General
UniversITalia	International
United International Technologies	International
Union Internationale de Tir	International
Universal Internet Technologies	Internet
United Internet Technologies	Internet
Unusually Inquisitive Trainee	Jobs
Jaluit Island, Marshall Islands	Regional
Ultraviolet Imaging Telescope	Space Science
Usman Institute of Technology	Technology
Union Internationale Des T	Telecommunication