Unit trust

Unit trust,

Definition of Unit trust:

  1. An organization which takes money from small investors and invests it in stocks and shares for them under a trust deed, the investment being in the form of shares (or units) in the trust.

  2. (in the UK and some other countries) a collective investment fund that is priced, bought, and sold in units that represent a mixture of the securities underlying the fund.

How to use Unit trust in a sentence?

  1. Anyone who has invested in a unit trust or a pension fund knows that his fund manager is not answerable in any meaningful sense.

Meaning of Unit trust & Unit trust Definition