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unit investment trust

DEFINITIONS OF: unit investment trust

1

n 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
Type of:
fund, investment company, investment firm, investment trust
a financial institution that sells shares to individuals and invests in securities issued by other companies
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