Examlex
A unit investment trust is a fixed pool of securities,generally municipal bonds,with each unit representing a proportionate ownership in that pool.
Payment Date
The specific date on which a payment is due or is scheduled to be made, often related to financial transactions or obligations.
Presentment
The process of formally presenting a document, such as a check or bill of exchange, for acceptance or payment.
Negotiable
Capable of being transferred or sold with ease, often referring to financial instruments that can be transferred from one party to another.
Payment Time
The specific period within which a payment is due or expected to be made.
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