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Meaning of “accumulation unit” in the English Dictionary

"accumulation unit" in Business English

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accumulation unitnoun [C]

uk   us   FINANCE
a ​share in an investmenttrust (= a ​company that ​invests in ​shares of other ​companies), the ​profit from which is put back into the ​investmenttrust instead of being ​paid to the ​shareholder: Normal ​incomeunitspay out the ​dividend or ​interestearned to ​investors on a ​regularbasis, but ​accumulationunits do not.
a ​share in a variableannuity (= a ​type of ​investment that is ​sold by an ​insurancecompany and makes ​regularpayments to the ​investor)
(Definition of accumulation unit from the Cambridge Business English Dictionary © Cambridge University Press)
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“accumulation unit” in Business English

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