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Unit price
When the contract value is allocated to a fund, "units" of that fund are purchased. Each unit has a price which reflects the daily net gain or loss in the underlying securities.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
Other Languages:
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