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Master Trust |
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Master Trust A trust into which a large number of investors deposit money. The investors then allow the trustee to invest the money on their behalf and keep the profits. A master trust is useful because the larger number of securities in the investors' combined funds can entitle them to discounts or other preferential treatment. An example of a master trust is a unit investment trust, which is an unmanaged portfolio the investor may buy. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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