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Unit Investment Trust
An investment company that offers a fixed portfolio of securities in a one-time public offering, and is structured to provide a specific investment objective.
Net Asset Value
The total value of a fund's assets minus its liabilities, often used to calculate the price of a share in a mutual fund or an ETF.
Open Market
A market where goods, services, and financial instruments are traded freely, with prices determined by supply and demand.
Net Asset Value
The total value of a fund's assets minus its liabilities, often used in the context of mutual funds to determine each share's price.
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