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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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  • unit of time
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  • unit of viscosity
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    Idiom of the Day

    cut both ways
    to serve both sides of an argument
    What the man said cuts both ways and we should think carefully about it.



    1.
    I am sure she has found an ________ foe in him.

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    Fact
    The a-system used to keep control of paper sizes (a4, a5, a3 etc) was invented in germany in 1930 and became an international standard.      .. More >>
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