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English definition of “unit trust”

unit trust

noun [C]     UK (US mutual fund)
a service where financial experts invest the money of many people in many different companiesTrusts and fundsFinancial investments and the stock market
(Definition of unit trust noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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a person or group who receives money, advantages, etc. as a result of something else

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