defined-asset fund

defined-asset fund definition - business

defined-asset fund

An investment trust with a fixed portfolio of assets that generally has a defined lifetime, at the end of which the trust assets are liquidated.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.