Definition of unit trust in English:
A trust formed to manage a portfolio of stock exchange securities, in which small investors can buy units.
- 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:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan