Meaning of the word "unit trust" in English
What does "unit trust" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
unit trust
US /ˈjuːnɪt trʌst/
UK /ˈjuːnɪt trʌst/
Noun
1.
a form of collective investment, especially in the UK, where money from many investors is pooled to buy a range of investments, managed by a fund manager
Example:
•
She invested her savings in a unit trust for long-term growth.
•
Many people choose unit trusts for diversification.
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