Common use of Unit Clause in Contracts

Unit. A unit trust portfolio is divided into identical units. Each unit represents the same amount of assets in the unit trust portfolio. The size of a contribution and the unit price when an investment is made determines the number of units held in a unit trust portfolio account. A unit trust portfolio may have different classes of units for which there are different fees and charges. A unit is also known as a ‘participatory interest’ in the unit trust portfolio. In this investment agreement the term ‘unit’ refers to a unit in the Nedgroup Investments unit trust portfolios administered by the Manager. Financial planning business An authorised Financial Services Provider as defined in the Financial Advisory and Intermediary Services Act, which may be either a legal entity or an individual. In this investment agreement the term ‘financial planner’ also refers to ‘financial planning business’ Investment mandate A document we prepare describing the main characteristics, objectives and investment limits of a unit trust portfolio. It is lodged with ASISA and you can ask them or us for it at any time. Investor number This is your unique identification number that we use to identify you and access all you your policy and other information. Product account (client account group) Your policy is administered by us through a product account/client account group, which comprises your policy’s underlying unit trust portfolios as selected by you and made available by the Insurer (also referred to as the ‘underlying investment’ or ‘investment’). We use the term ‘product account’ in this investment agreement. Business day We only operate on business days. This is any day apart from a Saturday, Sunday or official South African Public holiday. Day and business day have the same meaning.

Unit. A unit trust portfolio is divided into identical units. Each unit represents the same amount of assets in the unit trust portfolio. The size of a contribution and the unit price when an investment is made determines the number of units held in a unit trust portfolio account. A unit trust portfolio may have different classes of units for which there are different fees and charges. A unit is also known as a ‘participatory interest’ in the unit trust portfolio. In this investment agreement the term ‘unit’ refers to a unit in the Nedgroup Investments unit trust portfolios administered by the Manager. Financial planning business An authorised Financial Services Provider as defined in the Financial Advisory and Intermediary Services Act, which may be either a legal entity or an individual. In this investment agreement the term ‘financial planner’ also refers to ‘financial planning business’ Investment mandate A document we prepare the Manager prepares describing the main characteristics, objectives and investment limits of a unit trust portfolio. It is lodged with ASISA and you can ask them or us the Manager for it at any time. Investor number This is your unique identification number that we use to identify you and access all you your policy and other information. Product account (client account group) Your policy is administered by us through a product account/client account group, which comprises your policy’s underlying unit trust portfolios as selected by you and made available by the Insurer (also referred to as the ‘underlying investment’ or ‘investment’). We use the term ‘product account’ in this investment agreement. Business day We only operate on business days. This is any day apart from a Saturday, Sunday or official South African Public holiday. Day and business day have the same meaning.

Unit. A unit trust portfolio is divided into identical units. Each unit represents the same amount of assets in the unit trust portfolio. The size of a contribution and the unit price when an investment is made determines the number of units held in a unit trust portfolio account. A unit trust portfolio may have different classes of units for which there are different fees and charges. A unit is also known as a ‘participatory interest’ in the unit trust portfolio. In this investment agreement the term ‘unit’ refers to a unit in the Nedgroup Investments unit trust portfolios administered by the Manager. Financial planning business An authorised Financial Services Provider as defined in the Financial Advisory and Intermediary Services Act, which may be either a legal entity or an individual. In this investment agreement the term ‘financial planner’ also refers to ‘financial planning business’ ’. Investment mandate A document we prepare describing the main characteristics, objectives and investment limits of a unit trust portfolio. It is lodged with ASISA and you can ask them or us for it at any time. Investor number This is your unique identification number that we use to identify you and access all you your policy and other information. Product account (client account group) Your policy is administered by us through a product account/client account group, which comprises your policy’s underlying unit trust portfolios as selected by you and made available by the Insurer (also referred to as the ‘underlying investment’ or ‘investment’). We use the term ‘product account’ in this investment agreement. Business day We only operate on business days. This is any day apart from a Saturday, Sunday or official South African Public holiday. Day and business day have the same meaning.