A Unit Investment Trust Is a Fixed Pool of Securities,generally

question 34

True/False

A unit investment trust is a fixed pool of securities,generally municipal bonds,with each unit representing a proportionate ownership in that pool.

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Definitions:

Law of Equity

The law of equity refers to a set of principles that allow courts to apply justice based on fairness, in situations where the application of strict legal rules would result in an unjust outcome.

Precedent

A legal case that establishes a principle or rule that is followed by courts in future cases with similar issues or facts.

Civil Code

A comprehensive collection of laws and legal principles that deal with the rights and duties of individuals and legal entities in private matters.

Law of Equity

A system of law that supplements the common law and rectifies situations where the application of the common law would be unjust.