unit investment trust

noun

1. unit trust ( defs 1, 2 ).

Example Sentences

A unit investment trust, or UIT, lets people invest in a one-time public offering in a portfolio of securities, typically stocks and bonds.

From Washington Post

An investment in exchange-traded funds, structured as a mutual fund or unit investment trust, involves the risk of losing money and should be considered as part of an overall program, not a complete investment program.

From US News

The portfolio was set up as a unit investment trust—generally an unmanaged cousin of a standard mutual fund—and depends on "brands and sustainable competitive advantages," rather than short-term stock picking, he says.

From Wall Street Journal

Further discounts can come for investors who roll the proceeds from one investment trust securities sale into purchasing another unit investment trust.

From Reuters

A unit investment trust is a type of investment company that holds a fixed portfolio of securities and offers redeemable units of that portfolio that terminate after a specified period of time.

From Reuters