| NOUN | possession | nondiscretionary trust, fixed investment trust | an investment trust that can buy only those securities listed when the trust was organized |
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| Meaning | An investment trust that can buy only those securities listed when the trust was organized. | |
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| Synonym | fixed investment trust | |
| Broader | investment company, investment trust, investment firm, fund | A financial institution that sells shares to individuals and invests in securities issued by other companies |
| Spanish | sociedad de inversiones en activos fijos | |
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