unit investment trust

NOUN
  1. a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities
    you can invest in a unit investment trust for as little as $1000
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How To Use unit investment trust In A Sentence

  • you can invest in a unit investment trust for as little as $1000
  • Fidelity Investments is hoping to cash in on some of this traffic by offering three new unit investment trusts.
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