unit-linked policy

noun

a life-assurance policy, the investment benefits of which are directly in proportion to the number of units in a unit trust purchased on the policyholder's behalfCompare traditional policy

Nearby words

  1. unit stress,
  2. unit train,
  3. unit trust,
  4. unit vector,
  5. unit's place,
  6. unit.,
  7. unita,
  8. unitage,
  9. unitard,
  10. unitarian

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012