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unit trust

Syllabification: u·nit trust

Definition of unit trust in English:

noun

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.

Definition of unit trust in:

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