Unit Linked . A life assurance, investment or savings policy, under which the policyholder invests premiums into units in a unit trust-type investment. Performance, therefore, is dependent directly on current investment market conditions. Unit Trust . An investment fund which invests in a portfolio of shares, in which investors can buy units.
Investment performance is linked directly to market conditions.
See 'Unit Linked' . When investing in a unit linked contract, the individual s contribution is used to buy units of equal value. These units will fall or rise in line with the underlying investments. Unlisted Securities . Unlisted Securities Market .