Unitrust
Definition & Meaning
Part of speech noun
Quick meaning: Unitrust is a noun meaning (finance) A form of trust established by a donor to provide an income stream to a beneficiary, as a percentage of the principal, returning the remainder to the donor when the trust terminates.
Meaning
(finance) A form of trust established by a donor to provide an income stream to a beneficiary, as a percentage of the principal, returning the remainder to the donor when the trust terminates.
Word Forms
- unitrusts
Related Words
Related dictionary entries include trust, trustee, cotrustee, paythrough, trustification, trusteeship.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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