| / English Dictionary |
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)
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