unit investment trust

/ˌjunət ɪnˌvɛstmənt trəst/
IPA guide

Definitions of unit investment trust
  1. 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”
    synonyms: unit trust
    see moresee less
    type of:
    fund, investment company, investment firm, investment trust
    a financial institution that sells shares to individuals and invests in securities issued by other companies
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