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unit trust

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Definition of unit trust in English:

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.

Definition of unit trust in:

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Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words