Meaning Of The Word Unit trust
What's the definition of Unit trust? Find Unit trust meanings, definitions and more at the Real Dictionary online.
Unit trust Meaning
| Unit trust Definition |
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What's The Definition Of Unit trust?
unit trust
countable noun: A unit trust is an organization which invests money in many different types of business and which offers units for sale to the public as an investment. You can also refer to an investment of this type as a unit trust. unit trust in British English noun: an investment company that has a fixed portfolio of securities, usually of a single type, such as municipal bonds or corporate bonds, which are held to maturity: each investor receives a share in the amount proportionate to his or her holding noun: an investment trust that issues units for public sale, the holders of which are creditors and not shareholders with their interests represented by a trust company independent of the issuing agency unit trust in Finance noun: A unit trust is an investment fund that sells shares of a fixed portfolio of securities. |
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