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Term of the Day
defined asset fund
deficit spending units
defined benefit plan
Definition
A
unit investment trust
which has a predetermined
life
. At the end of its life, the
trust
assets
are liquidated and distributed to
unit
holders
. A defined
asset
fund
may consist of
securities
,
blue chip
stocks
or high yielding stocks in a
major
exchange
.
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Popular 'Stocks' Terms
equity
common stock
mutual fund
preferred stock
stock
debt/equity ratio
security
P/E ratio
market capitalization
book value
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