Defenition of the word unit trust

• Defenition of the word unit trust

  • a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities; "you can invest in a unit investment trust for as little as $1000"
  • a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities

Hypernyms for the word unit trust

• • fund
  • investment company
  • investment firm
  • investment trust

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