24 Terms
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General Finance
Industry: Financial services
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General Finance
unit benefit formula
Financial services; General Finance
Method used to determine a participant's benefits in a defined benefit plan. Involves multiplying years of service by the percentage of salary.
unit investment trust
Financial services; General Finance
Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value.
unit share investment trust (usit)
Financial services; General Finance
A unit investment trust comprising one unit of prime and one unit of score.
unit trust
Financial services; General Finance
In the United Kingdom and other foreign markets, an open-end mutual fund.
united states customs service
Financial services; General Finance
An agency of the Treasury Department charged with enforcing laws relative to imports.
united states government securities
Financial services; General Finance
Debt issues of the U.S. government, as distinguished from government-sponsored agency issues.
