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What does unitrust mean?

Looking for the meaning or definition of the word unitrust? Here's what it means.

Noun
  1. (finance) A form of trust established by a donor to provide an income stream to a beneficiary, as a percentage of the principal, returning the remainder to the donor when the trust terminates.
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Examples
The final regulations clarify the rules covering the period on which the annual payment must be based and the proration of the annuity or unitrust amount for short periods.
John would then be entitled to a make-up payment of the accumulated shortfalls in any year that the net income of the trust exceeded the unitrust amount.

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