unit investment trust

noun

1. unit trust.

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.

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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.

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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.

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

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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.

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