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unit investment trust

n.
1.a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities

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Word of the Day

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    Idiom of the Day

    in the first place
    firstly, to begin with
    "Of course I cannot go. In the first place, I must work on Saturday. In the second place, I have no money."



    1.
    The biggest part of something being divided is the lion's share.

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