(n) an investment trust that owns and manages a pool of commercial properties and mortgages and other real estate assets; shares can be bought and sold in the stock market, Syn. REIT
(n) a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities, Syn. unit trust, Example:you can invest in a unit investment trust for as little as $1000
(n) a financial institution that sells shares to individuals and invests in securities issued by other companies, Syn. fund, investment trust, investment firm