Unit linked
An unit linked fund is a form of pooled investment where investors purchase units, with each unit representing a share of the underlying assets. The value of each unit reflects the market value of the underlying assets. Also called investment-linked or market-linked investment. Premiums are usually invested as units in stock market funds. There are usually no guarantees and the value of the policy goes up and down in line with the performance of the particular fund. |
Similar financial terms
Unit benefit formulaMethod used to determine a participant's benefits in a defined benefit plan by multiplying years of service by the percentage of salary.
Present value of growth opportunities (PVGO)
The net present value (NPV) of investments the firm is expected to make in the future.
Portfolio opportunity set
The expected return/standard deviation pairs of all portfolios that can be constructed from a given set of assets.
Opportunity set
The possible expected return and standard deviation pairs of all portfolios that can be constructed from a given set of assets.
Opportunity costs
The difference in the performance of an actual investment and a desired investment adjusted for fixed costs and execution costs. The performance differential is a consequence of not being able to implement all desired trades. Most valuable alternative that is given up.
Opportunity cost of capital
Expected return that is foregone by investing in a project rather than in comparable financial securities.
Net present value of growth opportunities
A model valuing a firm in which net present value of new investment opportunities is explicitly examined.
Equal Credit Opportunity Act (ECOA)
A federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.
European Economic Community (EEC)
Now incorporated in the European Union (EU).
Equity-Linked Note (ELN)
An equity-linked note combines the characteristics of a zero or low coupon bond or note with a return component based on the performance of a single equity security, a basket of equity securities, or an equity index. In the latter case, the security would typically be called an equity index-linked note. Equity-linked notes come in a variety of styles. The minimum return may be nil with all of what would normally be an interest payment going to pay for upside equity participation. Alternatively, ...
