Definition of unit trust in English:

unit trust

Line breaks: unit trust

noun

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

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Pronunciation: kərf
noun
a slit made by cutting with a saw