| NOUN | group | unit trust, unit investment trust | a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities |
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| Meaning | A regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities. | |
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| Synonym | unit investment trust | |
| Broader | investment company, investment trust, investment firm, fund | A financial institution that sells shares to individuals and invests in securities issued by other companies |
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