| 1. | Also called fixed investment trust, fixed trust. an investment company that has a fixed portfolio of securities, usually of a single type, such as municipal bonds or corporate bonds, which are held to maturity: each investor receives a share in the amount proportionate to his or her holding. |
| 2. | Also called u⋅ni⋅trust  [yoo-ni-truhst]  . an inflexible type of mutual fund in which each investor is obligated to invest a total specified amount in a certain number of shares, payable in equal amounts on a monthly or quarterly basis over an extended period of time. |
| 3. | British. mutual fund. |
Unit Trust - UT
An unincorporated mutual fund structure that allows funds to hold assets and pass through profits to the individual owners, rather than reinvest profits back into the fund.
Investopedia Commentary
In the U.K. the term "unit trust" is synonymous with "mutual fund" as it is used in North America.
See also: Irrevocable Trust, Mutual Fund, Trust, Unit Investment Trust
Also spelled: UT
nɪˌtrʌst