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Related to unit trust: investment trust
(Banking & Finance) Brit an investment trust that issues units for public sale, the holders of which are creditors and not shareholders with their interests represented by a trust company independent of the issuing agency
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
1. an investment company having a fixed portfolio of securities that are held to maturity, each investor sharing in the profits proportionately.
2. a type of mutual fund in which an investor must invest a specified amount of money each month or quarter.
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|Noun||1.||unit trust - 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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