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A unit trust is a trust where the beneficiaries ( called unitholders ) each possess a certain share ( called units ) and can direct the trustee to pay money to them out of the trust property according to the number of units they possess.
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unit and trust
This is in contrast to a regulated mutual fund ( or unit trust ), which will typically have to meet regulatory requirements for disclosure.
The trust has proved to be such a flexible concept that it has proved capable of working as an investment vehicle: the unit trust.
A unit trust is a vehicle for collective investment, rather than disposition, as the person who gives the property to the trustee is also the beneficiary.
* unit investment trust
There are 3 types of U. S. mutual funds: open-end, unit investment trust, and closed-end.
A relatively recent innovation, the exchange-traded fund or ETF is often structured as an open-end investment company, though ETFs may also be structured as unit investment trusts, partnerships, investments trust, grantor trusts or bonds ( as an exchange-traded note ).
An ETF combines the valuation feature of a mutual fund or unit investment trust, which can be bought or sold at the end of each trading day for its net asset value, with the tradability feature of a closed-end fund, which trades throughout the trading day at prices that may be more or less than its net asset value.
The Genetic Resources and Enhancement Unit ( GREU ) is support unit that holds the maize and wheat collections of CIMMYT in trust for humanity under UN-FAO agreements.
Accordingly, the TSB Trust Company was established in 1967 and a year later the first unit trust issue was offered.
One of the key differences between an investment trust and a unit trust, is that an investment trust manager is legally allowed to borrow capital to purchase shares.
: Unit investment trust: an investment company which is organized under a trust indenture, contract of custodianship or agency, or similar instrument, does not have a board of directors, and issues only redeemable securities, each of which represents an undivided interest in a unit of specified securities ; but does not include a voting trust.
: Management company: any investment company other than a face-amount certificate company or a unit investment trust.
In this case, the land is not state-owned or in joint-ownership under a trust, but is owned by a definite partition unit, a legal partnership whose partners are the participating individual landowners.
* 1990-Mayban Unit Trust Berhad has been added, a subsidiary focused on the management of unit trust funds
He was intrigued by the training techniques of the SS-Verfügungstruppen ( SS-VT, precursors to the Waffen-SS ), which placed emphasis on unit cohesion and trust, with an informal relationship between the enlisted and commissioned ranks.
* unit trust and unit investment trust
unit and is
The unit of form is determined subjectively: `` the Heart, by the way of the Breath, to the Line ''.
For the family is the simplest example of just such a unit, composed of people, which gives us both some immunity from, and a way of dealing with, other people.
The connective system, or network, is tailored to meet the requirements of the objective, and it is therefore not surprising that a military body acting as a single coordinated unit has a different communication network than a factory, a college, or a rural village.
The unit consists of a small motor that goes on as soon as it is plugged in.
According to Friends, the unit was organized by John Snook, a former World War 2, commando who is vice president and general manager of the telephone company.
A BTU is a unit of heat, and the BTU rating of a conditioner refers to how much heat your machine can pump out of your house in an hour.
The safest procedure is to let your builder estimate the size of the unit you need, rather than trying to do this yourself.
Still another approach to the changeable letter type of sign is a modular unit introduced by Merritt Products, Azusa, Calif..
`` Only one lumber dealer in ten is equipped to handle unit loads ; ;
only one producer in a hundred is equipped to package and ship unit loads ; ;
only one builder in a thousand is equipped to receive unit loads.
If Af is the change per unit volume in Gibbs function caused by the shear field at constant P and T, and **yr is the density of the fluid, then the total potential energy of the system above the reference height is Af.
A randomization of `` ups '' and `` downs '' is more likely than ordered `` ups '' and `` downs '' in position ( 3 ) since the hydrogen atoms are well separated and so the position of one could hardly affect the position of another, and also since ordered `` up '' and `` down '' implies a larger unit cell, for which no evidence exists.
It is assumed that the flux values increase by a factor of 2.512 per magnitude, in accordance with the opinion that the total mass flux in each unit range in magnitude is constant.
The international unit is equipotent with the USP unit adopted in 1952, which was defined as the amount of activity present in 20 mg of the USP reference substance.
Consider a simple, closed, plane curve C which is a real-analytic image of the unit circle, and which is given by Af.
His view is that every religion pertains to a community, and, conversely, every community is in one aspect a religious unit.
Where boundary maintenance describes the boundaries or limits of the group, systemic linkage is defined `` as the process whereby one or more of the elements of at least two social systems is articulated in such a manner that the two systems in some ways and on some occasions may be viewed as a single unit.
unit and where
where is the body force per unit mass, is the pressure, and is the deviatoric stress.
Differences include where the logistic service transfers artillery ammunition to artillery, the amount of ammunition carried in units and extent to which stocks are held at unit or battery level.
The unit MBtu was defined as one thousand Btu, presumably from the Roman numeral system where " M " stands for one thousand ( 1, 000 ).
respectively, where e < sub > x </ sub >, e < sub > y </ sub >, e < sub > z </ sub > denotes the cartesian basis vectors ( all are orthogonal unit vectors ) and A < sub > x </ sub >, A < sub > y </ sub >, A < sub > z </ sub > are the corresponding coordinates, in the x, y, z directions.
More generally, an n-piece cubic Bézier curve can approximate a circle, when each inner control point is the distance from an outer control point on a unit circle, where t is 360 / n degrees, and n > 2.
where i is the imaginary unit.
Austria-Hungary asserted its right to extradite him, but Montenegrin authorities instead allowed the assassin to " escape " to Serbia where he joined Major Tankosić's unit ; Major Tankosić died in November 1915 covering the Serbian retreat, but not before confessing his role in the assassination to historians at Azania.
His manager, Margo Lewis, called 911 and airport security and Bo was immediately taken by ambulance to Creighton University Medical Center and admitted to the Intensive-care unit, where he stayed for several days.
where L, coastline length, a function of the measurement unit, ε, is approximated by the expression.
where are the direction cosines between the material and spatial coordinate systems with unit vectors and, respectively.
where i, j, and k are the unit vectors for the x -, y -, and z-axes, respectively.
Accordingly, when a disk was formatted or a disk error occurred, the unit would try to physically move the head 40 times in the direction of track zero ( although the 1541 DOS only used 35 tracks, the drive itself was a 40 track unit, so this ensured track zero would be reached no matter where the head was before ).
More scientific censuses were taken 1948 and 1959 where the enumeration unit was persons.
where u is a unit tangent vector.
Finally, weight of the chain is represented by ( 0, − λgs ) where λ is the mass per unit length, g is the acceleration of gravity and s is the length of chain between c and r.
If the weight of the roadway per unit length is w and the weight of the cable and the wire supporting the bridge is negligible in comparison, then the weight on the cable from c to r is wx where x is the horizontal distance between c to r. Proceeding as before gives the differential equation
Assuming that the strength of the cable is proportional to its density per unit length, the weight, w, per unit length of the chain can be written T / c, where c is constant, and the analysis for nonuniform chains can be applied.
where p is the natural length of the segment from c to r and λ < sub > 0 </ sub > is the mass per unit length of the spring with no tension and g is the acceleration of gravity.
where T is the magnitude of T and u is the unit tangent vector.
where is the force accelerating the object and the " hat " variables are unit direction vectors ( points in the centrifugal or outward direction, and is orthogonal to it ).
Since we are assuming circular motion, let r ( t ) = R · u < sub > r </ sub >, where R is a constant ( the radius of the circle ) and u < sub > r </ sub > is the unit vector pointing from the origin to the point mass.
where, and are unit vectors in the direction of the x-axis and y-axis respectively, generally referred to as the standard basis ( in some application areas these may also be referred to as versors ).
where is the unit vector in the direction of the z-axis.
1.976 seconds.