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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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