| 单词 | unit trust |
| 释义 | unit trust 1. Also called fixed investment trust, fixed trust. an investment company that has a fixed portfolio of securities, usually of a single type, such as municipal bonds or corporate bonds, which are held to maturity: each investor receives a share in the amount proportionate to his or her holding. 2. Also called unitrust /yooh"ni trust'/. an inflexible type of mutual fund in which each investor is obligated to invest a total specified amount in a certain number of shares, payable in equal amounts on a monthly or quarterly basis over an extended period of time. 3. Brit. See mutual fund. Also called unit investment trust (for defs. 1, 2). [1935-40] |
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