English Dictionary

UNIT TRUST

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IPA (US): 

 Dictionary entry overview: What does unit trust mean? 

UNIT TRUST (noun)
  The noun UNIT TRUST has 1 sense:

1. a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securitiesplay

  Familiarity information: UNIT TRUST used as a noun is very rare.


 Dictionary entry details 


UNIT TRUST (noun)


Sense 1

Meaning:

A regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities

Classified under:

Nouns denoting groupings of people or objects

Synonyms:

unit investment trust; unit trust

Context example:

you can invest in a unit investment trust for as little as $1000

Hypernyms ("unit trust" is a kind 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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