A company that issues debt securities paying a fixed return would be defined by the Investment Company Act as a(n):

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A company that issues fixed return debt securities is similar to a face-amount certificate company, which also issues fixed return debt securities. A unit investment trust issues securities backed by a pool of assets, while a management company is primarily focused on actively managing a portfolio of securities. A "no load" company refers to a company that does not charge sales commissions on their investment products, which is not relevant to the type of securities being issued in this scenario.

A Company That Issues Debt Securities Paying a Fixed Return