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Southern African Legal Information Institute (SAFLII)

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The Southern African Legal Information Institute (SAFLII) collects and publishes legal materials from Southern and Eastern Africa for free online access.

From The Glossary »

Unit:

A unit is an apportioned part of the pooled assets or a segment of the ownership of the entire unitised portfolio. Investors who have a stake in a unitised portfolio own one or more untis that all have the same value. The pool of assets comprising the portfolio is often referred to as the underlying securities.
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