unit trust
noun

an organisation which takes money from small investors and invests it in stocks and shares for them under a trust deed, the investment being in the form of shares (or units) in the trust

(Note The US term is mutual fund.)
Browse by Subjects
exit charge
capital shares
direct share ownership
bondised
open ended investment company
See All Related Terms »

minimum lending rate
B2B
other long term liabilities
Fed funds
actuary