UNIT TRUST

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities

Example:

you can invest in a unit investment trust for as little as $1000

Synonyms:

unit investment trust; unit trust

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("unit trust" is a kind of...):

fund; investment company; investment firm; investment trust (a financial institution that sells shares to individuals and invests in securities issued by other companies)

Credits