Chapter 3 Investment Companies, Life Insurance Products, And Other Packaged Securities Flashcards
1
Q
Investment company act of 1940
A
Defines and regulates the activities of
Management companies
Unit investment trust
Face amount certificates
2
Q
Face amount certificates
A
Debt securities back by assets such as real property or other securities
3
Q
Unit investment trust
A
A holding company that purchases a pool of securities and hold them until I set termination date.
Unmanaged
4
Q
Management companies
A
Opposite of UITs
Managers and trade the securities within a portfolio and does not have a set a termination date
