1 hr unit-linked (policy)
Explanation:
Here's a useful definition from www.moneyextra.com
Glossary: Unit-linked insurance policies
Life insurance savings and pension policies can be divided into two categories.With-profits and unit linked. These two categories are simply different ways of adding value to policyholders. Savers in with-profits policies have the security of knowing that once bonuses have been added to their savings pot, they can't be taken away. Unit linked policyholders know that if the investment performance of the insurer is poor, they could find the value of their 'units' - their investment falling in value. In unit linked policies, the policyholder's premiums are used to buy units in a fund run by the insurer. The policyholder can usually choose from a range of investment funds covering a spread of investment markets but usually including a managed fund, an equities fund and a property fund.
Unit prices for life insurance funds change daily (in the same way that unit trust prices do). Both can be found quoted in the broadsheet newspapers including the Financial Times.
As with unit trusts, two prices are usually given. One is the offer price - at which the fund manager will sell units to you. And, there's the bid price - at which the fund manager will buy units from you. The differential between the two is typically between 5 and 7% - it's the way the fund manager makes his money !
The value of the policyholder's units is directly linked to the value of the underlying assets and so will fluctuate. While the long term trend may be for the units to grow in value, on a day to day basis, the value of the units can fall. While unit linked insurance policies subject savers to a little more volatility than with profits policies, they do offer some advantages. e.g. if you decide to surrender your policy, you will know with certainty what you'll receive - it'll be the 'offer price'
own knowledge + web search
| Buzzy
Local time: 18:47
Native speaker of:  English
PRO pts in pair: 377
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5 hrs currency unit
Explanation:
This appears to be correct in the context of insurance (see below)
Lesobre/Sommer/Cave - Lexique Risque Assurance R�assurance: pub. SPE L'Assurance Fran�aise
| Gillian Hargreaves (X)
Local time: 17:47
Native speaker of: English
PRO pts in pair: 575
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13 hrs unit of account
Explanation:
If Gill's suggestion (I have the same Dictionary) works, then perhaps a marriage of both suggestions made might work : currency unit of account. Then again, perhaps "unit of account" is self-explanatory?!
1 - http://www.investorwords.com/c8.htm#currency
currency : Any form of money that is in public circulation. see also soft currency, hard currency, European Currency Unit (ECU), Eurocurrency, convertible currency, dual currency bond
2 - http://www.investorwords.com/u1.htm#unit
unit : A quantity generally accepted as a standard for exchange. Also, a combination of multiple securities, such as common stock and warrants, sold together as a single product. see also accumulation unit, bargaining unit, European Currency Unit, specialist unit.
3 - http://europa.eu.int/eur-lex/fr/lif/reg/fr_register_016010.h...
01.60.10 - Unité de compte
Droit communautaire dérivé
375S3289
Décision n° 3289/75/CECA de la Commission, du 18 décembre 1975, relative à la définition et à la conversion de l'unité de compte à utiliser dans les décisions, recommandations, avis et communiqués dans les domaines du traité instituant la Communauté européenne du charbon et de l'acier
JO L 327 19.12.1975 p.4
Modifié par 380S3334 (JO L 349 23.12.1980 p.27)
380R3308
Règlement (CEE, Euratom) n° 3308/80 du Conseil, du 16 décembre 1980, relatif au remplacement de l'unité de compte européenne par l'Écu dans les actes communautaires
JO L 345 20.12.1980 p.1
4 - http://europa.eu.int/eur-lex/en/lif/reg/en_register_016010.h... (SAME THING IN ENGLISH - OFFICIAL VERSION)
01.60.10 - Unit of account
Secondary legislation
375S3289
Decision No 3289/75/ECSC of the Commission of 18 December 1975 on the definition and conversion of the unit of account to be used in decisions, recommendations, opinions and communications for the purposes of the Treaty establishing the European Coal and Steel Community
OJ L 327 19.12.1975 p.4
Amended by 380S3334 (OJ L 349 23.12.1980 p.27)
380R3308
Council Regulation (EEC, Euratom) No 3308/80 of 16 December 1980 on the replacement of the European unit of account by the ECU in Community legal instruments
OJ L 345 20.12.1980 p.1
5 - http://www.raiffeisen.ch/lexikon/europa-f.htm
Unité de compte européenne / European Unit of Account
De 1961 à 1972, unité de compte de l'Union européenne des paiements (EUP), de 1973 à 1979 unité de compte de la Communauté économique européenne. A l'origine, même valeur que le dollar américain, plus tard définie comme le panier des monnaies des pays de la CE.
webrefs in body of answer
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