UNIT INVESTMENT TRUST

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does unit investment trust mean? 

• UNIT INVESTMENT TRUST (noun)
  The noun UNIT INVESTMENT TRUST has 1 sense:

1. a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities

  Familiarity information: UNIT INVESTMENT TRUST used as a noun is very rare.

 Dictionary entry details 

• UNIT INVESTMENT TRUST (noun)

Sense 1

Meaning:

A regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities

Classified under:

Nouns denoting groupings of people or objects

Synonyms:

unit investment trust; unit trust

Context example:

you can invest in a unit investment trust for as little as $1000

Hypernyms ("unit investment trust" is a kind of...):

fund; investment company; investment firm; investment trust (a financial institution that sells shares to individuals and invests in securities issued by other companies)