| 释义 |
Master Trust Master TrustA trust into which a large number of investors deposit money. The investors then allow the trustee to invest the money on their behalf and keep the profits. A master trust is useful because the larger number of securities in the investors' combined funds can entitle them to discounts or other preferential treatment. An example of a master trust is a unit investment trust, which is an unmanaged portfolio the investor may buy. |