Financial Dictionary.

This is a browseable and searchable reference tool for terminology relating to UK-based personal finance and financial products.

You can browse alphabetically, or search for a specific term.

A B C D E F G H I J L M N O P Q R S T U V W Z

Unit Trust

Definition: A common and well-known type of unit linked fund. Unit Trusts can be general or specialised in nature, enabling investors to invest small amounts into specific investment sectors and benefit from professional management of the underlying investments. The Unit Trust is divided into a number of units, each of which represents a small percentage of the underlying investment portfolio, and the value of units can rise and fall in line with the underlying investment value. Unlike closed-end funds, Unit Trusts can issue new units whenever they receive fresh inflows of investor's money. Chargewise, they typically levy an Annual Management Charge, along with a Bid / Offer Spread. Unit Trusts are mainly a UK phenomenon, due to the fact that Trust Law is not recognised in most non-UK jurisdictions. See also OEICs.

Recent Financial Topics

After falling into disrepair, the church in south west London was purchased in 2015 by a developer and converted into high-end flats.

Flat in former London church with HUGE stained glass window could be yours for £2.1m
19/04/2026 02:00 AM

Higher rates have slashed the break-even point on a £100,000 annuity by seven years, meaning it's possible to recoup the initial outlay far quicker than five years ago.

Higher annuity rates slash break-even point by SEVEN years: Experts say it's a 'buyer's market'
19/04/2026 02:00 AM

The average amount put down by first-time buyers in England is a whopping £63,855, according to the latest mortgage data from trade body UK Finance.

Is it a smart move or reckless gamble to buy a home with a 98% mortgage?
18/04/2026 07:20 PM

Financial Dictionary. (function() { var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true; po.src = 'https://apis.google.com/js/plusone.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(po, s); })();

Recent Financial Topics

Financial Dictionary.