Definitions for "Investment trust"
A public limited company which invests in shares of other companies. Its shares are traded on Stockmarket. They are not true trusts and can borrow money to buy additional investments.
An investment company which satisfies the requirements of Section 842 of the Income and Corporation Taxes Act 1988. Companies which meet these criteria are exempt from having to pay tax on the capital gains they realise from sales of the investments within their own portfolios. See Investment Company. For more information see the Guide to Investment Trusts.
closed-end fund established to produce income through investments. They have a fixed number of shares, trade like stocks, and are regulated by the Investment Company Act of 1940. see also closed-end fund, unit investment trust, Ginnie Mae trust, investment company, municipal investment trust, REIT.
Keywords:  plc, customers, businesses, makes
a PLC which makes investments into other businesses for its customers