Definition of unit trust in English:

unit trust

Syllabification: u·nit trust

noun

  • British term for mutual fund.
    More 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.

More definitions of unit trust

Definition of unit trust in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day maelstrom
Pronunciation: ˈmeɪlstrəm
noun
a powerful whirlpool in the sea