Unitized Investment Option definition
Unitized Investment Option means an Investment Option valued pursuant to Section 5.02.
Examples of Unitized Investment Option in a sentence
Whenever any amount is allocated to or withdrawn from a Unitized Investment Option, the Investment Option shall be charged or credited, as the case may be, with Investment Option units.
The value on any Valuation Date of any Trust Account maintained pursuant to Section 6.01 reflecting an investment in any Unitized Investment Option shall be equal to the number of Investment Option units allocable to that Trust Account multiplied by the Investment Option unit value for that Valuation Date.