unitrust

noun
uni·​trust | \ ˈyü-ni-ˌtrəst How to pronounce unitrust (audio) \

Definition of unitrust

: a trust from which the beneficiary receives annually a fixed percentage of the fair market value of its assets

First Known Use of unitrust

1970, in the meaning defined above

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Time Traveler

The first known use of unitrust was in 1970

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Cite this Entry

“Unitrust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unitrust. Accessed 22 Apr. 2021.

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unitrust

Legal Definition of unitrust

— see trust

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