unitized

(UK also unitised)

/ˈjuːnɪtaɪzd/ adjective FINANCE

Definition

› used to describe a financial product that is divided into separate parts that can be bought and sold, such as a unit trust (= in which money collected from investors is invested for them in different companies): Unitized policies, where the policy is divided into units, will add a few percentage points to the value of each one.

(Definition of unitized adjective from the Cambridge Business English Dictionary © Cambridge University Press)

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