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Income Trust

Income Trust - It is a type of investment trust, which may have holds in the income-producing assets or replacing it in investment. The income that is produced may be passed on to investors or corporations or the unit holder. Example are of the income trusts are the real estate investment trusts (REIT) and the unit investment trust (UIT). There is also a Canadian income trust, which in this type of trust pays out all earning before taxes but it works more off of the securities exchange in public trading. Corporations and or companies may receive a special corporate tax privilege.

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Definition of the Day New Zealand Exchange Limited (NZX)

New Zealand Exchange Limited (NZX) - The New Zealand Exchange Limited (NZX) began life as a regional stock exchange during the Gold Rush of the 1870's. In 1974 these regional exchanges formed one national stock exchange, the New Zealand Stock Exchange (NZSE). On June 24, 1991, NZSE implemented a computerized...

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