unit trust meaning

UK /ˈjuːnɪt trʌst/ US /ˈjunət trʌst/ 3 syllables

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

Definition of unit 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 investment trust

    Type of: investment company

How to pronounce unit trust

unit trust is pronounced /ˈjuːnɪt trʌst/ in British English and /ˈjunət trʌst/ in American English. It has 3 syllables.

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