From Longman Dictionary of Contemporary Englishunit trustˈunit ˌtrust noun [countable] British EnglishBFS a company through which you can buy shares in many different businesses SYN mutual fund American English
Examples from the Corpus
unit trust• The best way to invest in a portfolio of international bonds is through a managed fund, such as a unit trust.• It is like buying a unit trust, you buy units in the fund.• Sharemarket also operates a unit trust discount service for investors who have made up their own minds.• The best performing unit trust over that period would have produced £9,481.From Longman Business Dictionaryunit trustˈunit ˌtrust [countable] British EnglishFINANCE a company that invests money in stocks and shares of many different businesses for small investorsSYNmutual fund AmEThe best way to invest in a portfolio of international bonds is through a managed fund, such as a unit trust. → trust 