Mutual Investment Certificate

Filed Under » ,
Dictionary Says

Definition of 'Mutual Investment Certificate'

A certificate issued by a local or municipal authority for the purpose of funding a public works project. This type of obligation is financed by an tax assessment made upon the residents that will benefit from the facility. Mutual investment certificate income is always tax-free to the recipient.
Investopedia Says

Investopedia explains 'Mutual Investment Certificate'

These certificates essentially function as a type of general obligation bond, although they are technically in a different category. They are not backed directly by revenue from the project, but by the local taxpayers. The revenue from the projects behind the certificates also may be collected directly by the contractor building or renovating the facility, instead of the locality.
Search results for

'Mutual Investment Certificate'

  • Series 6 Study Guide - Securities Industry Regulations ...

    http://www.investopedia.com/exam-guide/finra-series-6/securities-industry-regulations/investment-company-definition.asp
    ... Face-Amount Certificate Company- issues installment-type face face-amount ... a portion
    of a pool of investment securities ... UITs are essentially mutual fund companies ...

  • Series 26 Study Guide - Investment Companies - Types of Investment ...

    http://www.investopedia.com/exam-guide/series-26/investment-companies/investment-companies.asp
    ... Face amount certificate companies are almost nonexistent today. ... company and sold
    back to the investment company ... Mutual funds are discussed in more detail in the ...

  • Series 6 Study Guide - Investment Companies - Unit Investment ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-companies/unit-investment-trust.asp
    ... Face amount certificate companies are almost nonexistent ... End Investment Companies:
    Open-end investment companies, also known as mutual funds, continuously ...

  • Series 26 Study Guide - Investment Companies - Investment Company ...

    http://www.investopedia.com/exam-guide/series-26/investment-companies/investment-act-1940.asp
    ... unit investment trusts (UITs), face amount certificate companies and ... Redeemable
    securities - Investment company shares (including mutual funds) are ...

  • Floating-Rate Mutual Funds: Rewards And Risks

    http://www.investopedia.com/articles/mutualfund/10/floating-rate-mutual-funds.asp
    ... borrowing rates than other income producing mutual funds, like ... Chartered Financial
    Analysts (CFA) and the Certificate in Investment Performance Measurement ...

  • Series 6 Study Guide - Investment Securities - Corporate Bonds ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-securities/corporate-bonds.asp
    ... explain when you speak with your customers about their investment goals, financial ...
    bond's indenture (also called the "deed of trust") on the bond certificate. ...

  • Is Your Investment Manager Skilled Or Lucky?

    http://www.investopedia.com/articles/mutualfund/09/composite-presentations-choosing-manager.asp
    ... Filed Under ยป Brokers, Fundamental Analysis, Mutual Funds, Personal ... Financial Analysts
    (CFA) and the Certificate in Investment Performance Measurement (CIPM ...

  • Series 6 Study Guide - Investment Companies - Introduction ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-companies/default.asp
    ... 91.2 million people owned mutual funds in 2004, with ... types of investment companies:
    unit investment trusts (UITs), face amount certificate companies and ...

  • Series 6 Study Guide - Investment Securities - Corporation and ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-securities/corporate-financial-institution-instruments.asp
    ... 11.14 Redemption of Mutual Fund Shares; ... Investment Securities - Corporation and
    Financial Institution ... Certificate of Deposit (negotiable): Negotiable CDs ...

  • Certificates Of Deposit: Introduction | Investopedia

    http://www.investopedia.com/university/certificate-of-deposit-cd/
    ... Safety is a hallmark of the traditional certificate of deposit (CD) sold by a bank
    or credit union. Investors seeking a low-risk investment expect that many CDs ...

Related Articles

Partner Links