Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “unit trust”

unit trust

noun [C]     FINANCE
in the UK, a fund in which you buy units (= shares). This money is then put into a range of investments, etc., and profits are paid in relation to the number of units that you own: Collective investments such as unit trusts are ideal products for investment on behalf of a child.
→ See also mutual fund
(Definition of unit trust noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of unit trust

More Business English definitions for “unit trust”

Definitions of “unit trust” in other dictionaries

Translations of “unit trust”

Word of the Day

beneficiary

a person or group who receives money, advantages, etc. as a result of something else

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More