unit trust


Definition of unit trust

1 British : mutual fund
2 : an investment company whose portfolio consists of long-term bonds that are held to maturity

First Known Use of unit trust

1936, in the meaning defined at sense 1

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The first known use of unit trust was in 1936

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Cite this Entry

“Unit trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unit%20trust. Accessed 13 Aug. 2020.

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More Definitions for unit trust

unit trust

Legal Definition of unit trust

see trust

More from Merriam-Webster on unit trust

Britannica.com: Encyclopedia article about unit trust

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