Business / Taxes / Accumulation Unit: Accumulation units are the shares you own in the separate account funds of a variable annuity during the period you're putting money into your annuity. If you own the annuity in a 401(k) plan, each time you make a contribution, that amount is added to one or more of the separate account funds to buy additional accumulation units. The value of your annuity is figured by multiplying the number of units you own by the dollar value of each unit. During the accumulation phase, that value changes to reflect the changing performance of the underlying investments in the separate account funds.
Accumulation Noun Synonyms: collecting, amassing, gathering, piling or aggregation, heaping up
Unit Noun Synonyms: element, component, entity, part, item, constituent, piece, portion, segment, section, module
Business / Agriculture / Rural Community Advancement Program (RCAP): A program established by the rural development Title of the FAIR Act of 1996 under which USDA is authorized to provide state rural development block grants, direct and guaranteed loans, and other assi MORE
Business / Human Resources (HR) / School-To-Work Opportunities Act Of 1994: A national effort to develop a school-to-work system to assist students in making the transition from school to the adult workforce. The goal of the Act is to create well-marked paths students can fol MORE