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Unit Trust - UT

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Unit Trust - UT

An unincorporated mutual fund structure that allows funds to hold assets and pass through profits to the individual owners, rather than reinvest profits back into the fund.

Notes:

In the U.K. the term "unit trust" is synonymous with "mutual fund" as it is used in North America.

See also: Irrevocable Trust, Mutual Fund, Trust, Unit Investment Trust

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