English dictionary
unit investment trust meaning and definition
Definition and meaning of unit investment trust at MeaningMonkey.org. unit investment trust meaning and definition in the English Dictionary.UNIT INVESTMENT TRUST noun
Definition of unit investment trust (noun)
- 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"
- synonyms: unit trust
Source: Princeton University Wordnet