Definition of Unit trust:
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.
(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?
- 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