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unit investment trust

noun
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Definition of unit investment trust

: 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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“Unit investment trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unit%20investment%20trust. Accessed 28 Feb. 2021.

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