Popular Terms
Type of trust in which a certain percentage of annually assessed fair market value of trust property is paid to the trust's beneficiary. Not to be confused with unit trust.

Use 'unitrust' in a Sentence

The unitrust agreement was made and all the people involved were very happy with the outcome and what it meant for our firm.
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You need to make sure that all of the money ends up in the right place when you have entered into a unitrust.
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My father set up a unitrust to ensure that he would be paid a fixed annuity percentage on the publicly traded stocks he owns.
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