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A kind of collective investment that pools investors' money into a single managed fund.
Definition source: English Wiktionary via Wiktextract
Topics: business, finance
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities
Definition source: Princeton WordNet 3.0
Examples
- you can invest in a unit investment trust for as little as $1000
Meaning relationships
Synonyms: unit investment trust
Antonyms: none provided
Broader terms: investment company, investment trust, investment firm, fund
No etymology was provided for this word.