Unit-investment-trust
noun
1.
unit trust (defs 1, 2).
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 unitrust
[yoo-ni-truhst] /ˈyu nɪˌtrʌst/ (Show IPA). 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.
noun
1.
(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
Read Also:
- Unitive
adjective 1. capable of causing unity or serving to unite. 2. marked by or involving union. adjective 1. tending to unite or capable of uniting 2. characterized by unity
- Unitize
verb (used with object), unitized, unitizing. 1. to form or combine into one unit, as by welding parts together: a car with a unitized body. 2. to divide or separate into units. verb (transitive) (finance) 1. to convert (an investment trust) into a unit trust
- Unitizing
verb (used with object), unitized, unitizing. 1. to form or combine into one unit, as by welding parts together: a car with a unitized body. 2. to divide or separate into units. verb (transitive) (finance) 1. to convert (an investment trust) into a unit trust
- Unit-linked policy
noun 1. a life-assurance policy, the investment benefits of which are directly in proportion to the number of units in a unit trust purchased on the policyholder’s behalf Compare traditional policy
- Unit-magnetic-pole
noun, Physics. 1. the unit of magnetic pole strength equal to the strength of a magnetic pole that repels a similar pole with a force of one dyne, the two poles being placed in a vacuum and separated by a distance of one centimeter. unit magnetic pole noun 1. the strength of a magnetic pole […]