fixed trust
Americannoun
Etymology
Origin of fixed trust
First recorded in 1925–30
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
One result was the quick growth in the first years of Depression of the so-called fixed trust, an institution in which securities were bought & sold by an inflexible formula.
From Time Magazine Archive
In its early form the fixed trust offered a virtual guarantee that securities would be sold for less than their purchase price because the trust agreement usually provided that stock could be disposed of only after dividends had stopped.
From Time Magazine Archive
A fixed trust must be named well to give an impression of lasting strength.
From Time Magazine Archive
Popular fancy then turned to the fixed trust, a U. S.-originated form.
From Time Magazine Archive
The fixed trust starts with a stated list of stocks which usually may be sold under certain contingencies such as the passing of a dividend.
From Time Magazine Archive
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
