unitrust
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unit trust
noun
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.
[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. 
nɪˌtrʌst3.
British, mutual fund.
Also called unit investment trust (for defs 1, 2).
Origin:
1935–40
1935–40
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Based on the Random House Dictionary, © Random House, Inc. 2013.
Cite This Source
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Link To unitrust
Collins
World English Dictionary
| unit trust | |
| —n | |
| (Brit) an investment trust that issues units for public sale, the holders of which are creditors and not shareholders with their interests represented by a trust company independent of the issuing agency | |
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
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Unitrust
is always a great word to know.
So is lollapalooza. Does it mean:
| the offspring of a zebra and a donkey. |
| an extraordinary or unusual thing, person, or event; an exceptional example or instance. |
Example sentences
The annuity and unitrust requirements are not, however, conducive to the transfer of a residence.
Unitrust payments for charitable purposes are permitted but not required.
Unitrust amount determined by net income with make-up method.
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