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Whipsaw Glossary

Currently viewing the definition of: Unissued Stock
 
 
 Authorised share capital which has not yet been issued. 
 


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    • Allocation Rate
      Is the amount of the investment (eg pension) that is actually used to purchase units. As charges are often higher in the earlier years of a policy to cover set up costs, not all monies will be invested. For example an allocation rate of 90% means only 90% of the investment value will actually be used for investment purposes.