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English definition of “accumulation unit”

accumulation unit

noun [C]     FINANCE
a share in an investment trust (= a company that invests in shares of other companies), the profit from which is put back into the investment trust instead of being paid to the shareholder: Normal income units pay out the dividend or interest earned to investors on a regular basis, but accumulation units do not.
a share in a variable annuity (= a type of investment that is sold by an insurance company and makes regular payments to the investor)
(Definition of accumulation unit noun from the Cambridge Business English Dictionary © Cambridge University Press)
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