fixed trust

noun

1. unit trust ( def 1 ).

Word History and Origins

Origin of fixed trust¹

First recorded in 1925–30

Example Sentences

One result was the quick growth in the first years of Depression of the so-called fixed trust, an institution in which securities were bought & sold by an inflexible formula.

From Time Magazine Archive

In its early form the fixed trust offered a virtual guarantee that securities would be sold for less than their purchase price because the trust agreement usually provided that stock could be disposed of only after dividends had stopped.

From Time Magazine Archive

A fixed trust must be named well to give an impression of lasting strength.

From Time Magazine Archive

Popular fancy then turned to the fixed trust, a U. S.-originated form.

From Time Magazine Archive

The fixed trust starts with a stated list of stocks which usually may be sold under certain contingencies such as the passing of a dividend.

From Time Magazine Archive