Net Asset Value per Creation Unit of a Fund definition
Net Asset Value per Creation Unit of a Fund means the product obtained by multiplying the Net Asset Value per Share of a Fund by the number of Shares comprising a Creation Unit at such time.
Net Asset Value per Unit means the Net Asset Value divided by the number of Units outstanding on the date of calculation.
Net Asset Value per Share means the Net Asset Value of a Fund divided by the
Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.
ACCUMULATION UNIT VALUE The value of an Accumulation Unit for a Subaccount of Variable Annuity Account C. Each Subaccount of Variable Annuity Account C has its own Accumulation Unit Value, which may increase or decrease daily based on the investment performance of the applicable underlying Fund in which it invests. Beneficiary (or Beneficiaries): The person designated to receive the death benefit payable under the Contract.
Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.