What are 'unit trusts'? Definition & meaning

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

More terms

W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.

Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.

SPAC

Find our what a SPAc or special purpose acquisition company is.

After-hours trading

Trading outside of a stock exchange's opening hours.

UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.

Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.

American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.

Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).

Zero coupon bonds

What is a zero coupon bond?

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Unit Trusts