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

Word History

First Known Use

1970, in the meaning defined above

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 28 Jul. 2026.

Legal Definition

unitrust

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