Meaning of “accumulation unit” in the English Dictionary

"accumulation unit" in Business English

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accumulation unitnoun [ C ]


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:

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” from the Cambridge Business English Dictionary © Cambridge University Press)