MITTSMarket Index Target Term Securities
MITTSMalta Information Technology and Training Services Ltd
MITTSMelbourne Institute Tax and Transfer Simulator (University of Melbourne; Australia)
MITTSMobile Igor Tracking Telescope System
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GET YOUR MITTS ON THEM My creative group had no trouble grasping the oven-mitt puppet concept.
Several months ago Merrill Lynch created MITTS (market index target term securities), a debt instrument promising to pay at maturity the instrument's issue price plus a contingent payment equal to 115% of any increase in the Standard & Poor's 500 index.
Merrill Lynch has now created a second generation MITTS product-known as SMART Notes (stock market annual reset term notes)that it believes can be sold to taxable investors.