unit trust Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “unit trust” in the English Dictionary

"unit trust" in British English

See all translations

unit trustnoun [C]

uk   us   UK (US mutual fund)
a ​service where ​financialexperts invest the ​money of many ​people in many different ​companies
(Definition of unit trust from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"unit trust" in Business English

See all translations

unit trustnoun [C]

uk   us   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 ​unittrusts are ideal ​products for ​investment on behalf of a child.
See also
(Definition of unit trust from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of unit trust?
Add Cambridge dictionaries to your browser to your website
Word of the Day

harvest

to pick and collect crops, or to collect plants, animals, or fish to eat

Word of the Day

In London but at the station: prepositions for talking about travel
In London but at the station: prepositions for talking about travel
by Liz Walter,
September 02, 2015
Several readers have asked for information on prepositions, so I will start with a blog post that looks at an area where they are really important: travel. The first thing to remember is that we use to (and not ‘in’) after the verb go: We are going to London. I went to

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More