Defined Asset Fund

Business, Legal & Accounting Glossary

  1. Home
  2. Glossary
  3. Define: Defined Asset Fund

Definition: Defined Asset Fund

Defined Asset Fund
Cite Term
Sources

Full Definition of Defined Asset Fund

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.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/defined-asset-fund/
Modern Language Association (MLA):
Defined Asset Fund. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/defined-asset-fund/.
Chicago Manual of Style (CMS):
Defined Asset Fund. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/defined-asset-fund/ (accessed: April 20, 2024).
American Psychological Association (APA):
Defined Asset Fund. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/defined-asset-fund/

Definition Sources

Definitions for Defined Asset Fund are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.