Accumulation Period:

In a variable annuity, the time when the client is contributing money into the annuity and purchasing accumulation units.

Accumulation Units:

An accounting measure that represents a contract owner’s proportionate unit of interest in a separate account during the accumulation period of a variable annuity.

Unit Investment Trust:

A type of investment company in which a portfolio is purchased and held with little or no change to the investments. Commonly used with municipal bond investments.


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Learn more about finance terms at Investopedia

Categories: Finance

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