Examples of Net Purchase in a sentence
Net Purchase Payment amounts are withdrawn first, and then the excess value, if any.
The number of Accumulation Units will be determined by dividing the Net Purchase Payment by the value of an Accumulation Unit on the effective date.
Any dividend credited prior to the Maturity Date will be applied on the effective date as a Net Purchase Payment unless the Owner elects to have the dividend paid in cash.
Net Purchase Payments received at the Home Office on or after the date on which notice is received will be applied to the designated Investment Accounts on the basis of the new allocation.
Accumulation Units are credited as of the effective date of the Net Purchase Payment.