Definition of unit trust in English:

Share this entry

unit trust

Pronunciation:

noun

British
A trust formed to manage a portfolio of stock exchange securities, in which small investors can buy units.
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.

For editors and proofreaders

Line breaks: unit trust

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.