unit trust

noun

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

Word History

First Known Use

1936, in the meaning defined at sense 1

Time Traveler
The first known use of unit trust was in 1936

Dictionary Entries Near unit trust

Cite this Entry

“Unit trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unit%20trust. Accessed 27 Feb. 2024.

Legal Definition

unit trust

see trust

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