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Meaning of UNIT TRUST

Pronunciation:  'yoonit trust

WordNet Dictionary
 
 Definition: [n]  a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities; "you can invest in a unit investment trust for as little as $1000"
 
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 Synonyms: unit investment trust
 
 See Also: fund, investment company, investment firm, investment trust

 

 

 

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