Definition of unit trust noun from the Oxford Advanced Learner's Dictionary


unit trust

BrE BrE//ˌjuːnɪt ˈtrʌst//
; NAmE NAmE//ˌjuːnɪt ˈtrʌst//
(British English) (North American English mutual fund) Economy
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a company that offers a service to people by investing their money in various different businesses Investing in a unit trust reduces risks for small investors. See related entries: Economy

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