A(n) ___________ is a non-corporate form of business organization holding debt and equity of an underlying business and distributing all income generated back to unit-holders.

Question

Quizplus · Accepted Answer

The description given matches the definition of an income trust. A co-op trust is a type of cooperative, a labor-sponsored fund is a type of investment fund, a tax-free income fund is a type of investment fund that invests in securities that produce tax-free income, and a guaranteed trust is a type of investment fund that guarantees a certain return.

A(n) ___________ Is a Non-Corporate Form of Business Organization Holding