unit trust

1. 1.

   a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities

   “you can invest in a unit investment trust for as little as $1000”

   Synonymsunit investment trust

   Broaderinvestment company

Questions about unit trust

What does unit trust mean?

unit trust means "a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities".

What is another word for unit trust?

Close synonyms include unit investment trust. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is unit trust a common word?

unit trust is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.