Unitrust

Unitrust,

Definition of Unitrust:

  1. Type of trust in which a certain percentage of annually assessed fair market value of trust property is paid to the trusts beneficiary. Not to be confused with unit trust.

How to use Unitrust in a sentence?

  1. You need to make sure that all of the money ends up in the right place when you have entered into a unitrust .
  2. The unitrust agreement was made and all the people involved were very happy with the outcome and what it meant for our firm.
  3. My father set up a unitrust to ensure that he would be paid a fixed annuity percentage on the publicly traded stocks he owns.

Meaning of Unitrust & Unitrust Definition