What is the meaning of unit trust?

noun

  • A regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities.
    • usage: "you can invest in a unit investment trust for as little as $1000"
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). unit trust. Retrieved September 20, 2026, from http://smartdefine.org/unit_trust/definitions/1318238
ChicagoWordNet. 2010. "unit trust" http://smartdefine.org/unit_trust/definitions/1318238 (accessed September 20, 2026).
HarvardWordNet 2010, unit trust, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/unit_trust/definitions/1318238>.
MLAWordNet. "unit trust" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/unit_trust/definitions/1318238>
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