unit trust

noun

1
British : mutual fund
2
: an investment company whose portfolio consists of long-term bonds that are held to maturity

Word History

First Known Use

1936, in the meaning defined at sense 1

Time Traveler
The first known use of unit trust was in 1936

Dictionary Entries Near unit trust

unit train

unit trust

unit value

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Cite this Entry

“Unit trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unit%20trust. Accessed 5 Nov. 2024.

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Legal Definition

unit trust

see trust

More from Merriam-Webster on unit trust

Britannica.com: Encyclopedia article about unit trust

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