Definition of unit trust in English:

Share this entry

unit trust

Pronunciation: /ˈˌyo͞onə(t) ˈˌtrəst/


British term for mutual fund.
Example sentences
  • Anyone who has invested in a unit trust or a pension fund knows that his fund manager is not answerable in any meaningful sense.
  • The ability to borrow is one of the major advantages of an investment trust over a unit trust.
  • In practice, for Irish investors it probably makes most sense to take the unit trust or investment trust route.
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.