| English Dictionary |
UNIT TRUST
| Pronunciation (US): |  | (GB): | |
| IPA (US): |  |
Dictionary entry overview: What does unit trust mean?
• UNIT TRUST (noun)
The noun UNIT 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 TRUST used as a noun is very rare.
Dictionary entry details
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 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)
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