unitrust

noun

uni·​trust ˈyü-ni-ˌtrəst How to pronounce unitrust (audio)
: a trust from which the beneficiary receives annually a fixed percentage of the fair market value of its assets

Word History

First Known Use

1970, in the meaning defined above

Time Traveler
The first known use of unitrust was in 1970

Dictionary Entries Near unitrust

Cite this Entry

“Unitrust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unitrust. Accessed 18 Mar. 2024.

Legal Definition

unitrust

see trust

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!