Definitions for unit trust
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Random House Webster's College Dictionary
u′nit trust`(n.)
an investment company having a fixed portfolio of securities that are held to maturity, each investor sharing in the profits proportionately.
Category: Business
a type of mutual fund in which an investor must invest a specified amount of money each month or quarter.
Category: Business
Origin of unit trust:
1935–40
Princeton's WordNet
unit investment trust, unit trust(noun)
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"
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"unit trust." Definitions.net. STANDS4 LLC, 2013. Web. 26 May 2013. <http://www.definitions.net/definition/unit trust>.