unit investment trust meaning

UK /ˈjuːnɪt ɪnˈvɛstmənt trʌst/ US /ˈjunət ˌɪnˈvɛstmənt trʌst/ 6 syllables

unit investment trust (noun): a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities.

Definition of unit investment trust

  1. 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

    Synonyms: unit trust

    Type of: investment company

How to pronounce unit investment trust

unit investment trust is pronounced /ˈjuːnɪt ɪnˈvɛstmənt trʌst/ in British English and /ˈjunət ˌɪnˈvɛstmənt trʌst/ in American English. It has 6 syllables.

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