unit investment trust

1. A regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities (synset 108089372)
   "you can invest in a unit investment trust for as little as $1000"
   is a type of: fund, investment company, investment firm, investment trust - a financial institution that sells shares to individuals and invests in securities issued by other companies
   same as: unit trust

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