Fund Unit
From Open Risk Manual
Definition
Fund Unit. A unit in a fund, which may be traded and is a contract between the fund and the holder of that unit.
If it is a closed fund, you can still trade the units. You trade back with the fund. Not with a counterparty. Therefore this is a tradable contract, though it may not necessarily be a transferable contract.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
