unit investment trust

noun

: an investment company that buys a fixed portfolio of securities and holds them for a specified period of time after which cash from their sale or maturity is distributed to shareholders

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Dictionary Entries Near unit investment trust

Cite this Entry

“Unit investment trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unit%20investment%20trust. Accessed 4 Dec. 2024.

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