Investment Divisions definition

Investment Divisions are part of the Separate Account. Each division invests in a corresponding portfolio or series of the Funding Options, rather than investing directly in stocks, bonds or other investments. Thus, the investment experience of each division will generally be the same as that of the corresponding portfolio or series, reduced by charges under this contract for services and benefits we provide. We will tell you about any changes.
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Investment Divisions are part of the separate account as described in item 4. The cover page shows the available divisions on the issue date.
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Investment Divisions mean, as appropriate, one or more of the following Divisions of the Separate Account:
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Examples of Investment Divisions in a sentence

  • Accumulation Phase During the accumulation phase, to help you accumulate assets, you can allocate your Premium payments to: •a variety of Investment Divisions.

  • At no additional charge, you can arrange to have us automatically reallocate your Contract Value among Investment Divisions and the one-year Fixed Account Option (if currently available) periodically to maintain your selected allocation percentages.

  • MASSACHUSETTS RESIDENTS ONLY: The variable annuity for which you are making this application gives us the right to restrict or discontinue allocations of purchase payments to the Fixed Account and reallocation from the Investment Divisions to the Fixed Account.

  • A list of Funds and additional information about the Funds in which the Investment Divisions currently invest is provided in Appendix A: Funds Available Under the Contract.

  • An investment professional wishing to purchase a new type of investment should discuss it with the Investment Division's Administrative office (the current contact is Julie Malloy).

  • This charge is deducted proportionally from allocations to the Investment Divisions and the Fixed Account either annually (on your Contract Anniversary) or in conjunction with a total withdrawal, as applicable.

  • This option allows the Owner to allocate Premiums and earnings to one or more Investment Divisions of the Separate Account.

  • As a percentage of average daily account value of Investment Divisions.

  • The CCO will consult with appropriate representatives of the Investment Division(s) for purposes of determining whether a Security is being considered for purchase or sale.

  • When You make an allocation to the Investment Divisions, the Company credits Your Contract with Accumulation Units.


More Definitions of Investment Divisions

Investment Divisions are part of the Separate Account. Each Divisions division holds a separate class (or series) of stock of a designated investment company or companies. Each class of stock represents a separate portfolio in an investment company. The Investment Divisions available on the Date of Policy are described on Page 5. We may from time to time make other Investment Divisions available to you. We will provide you with written notice of all material details including investment objectives and all charges.
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Investment Divisions are part of the Separate Account. Each division invests in a corresponding portfolio of the Fund, rather than investing directly in stocks, bonds or other investments. Thus, the investment experience of each division will generally be the same as that of the corresponding portfolio, reduced by charges under this contract for services and benefits we provide. The cover page shows the available divisions. We will tell you about any changes. "Systematic Withdrawal Income Program (SWIP)" refers to the optional automatic withdrawal program in which you may choose to receive periodic payments of either a stated amount or a percentage of your account balance. Payments will start on the date you elect, i.e., the SWIP anniversary. SWIP may be stopped at any time. SWIP Payments will be taken prorata from each investment division and the Fixed Interest Account based on the account balance in each division and Fixed Interest Account at the time a payment is paid. SWIP is not available if there is an outstanding loan.
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Investment Divisions. Each Investment Division may invest its assets in a separate class (or series) of shares of a designated Trust where each class (or series) represents a separate portfolio in the Trust or investment company. We reserve the right to change the Trust or to add a Trust. The Investment Divisions are the Stock Division, the Money Market Division, the Balanced Division and the Aggressive Stock Division. The Guaranteed Interest Division is not a part of the Separate Account A but rather is an asset of our General Account. We will value the assets of each Investment Division on each business day. A business day is any day on which we are open, the New York Stock Exchange is open for trading and there is a sufficient degree of trading in the portfolio securities in which an Investment Division is invested to materially affect the Accumulation Unit Value. We may, at our discretion, invest the assets of any Investment Division in any investment permitted by applicable law. We may rely conclusively on the opinion of counsel (including attorneys in our employ) as to what investments we are permitted by law to make. We reserve the right to
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Investment Divisions. Each Investment Division may invest its assets in a separate class (or series) of shares of a designated Trust where each class (or series) represents a separate portfolio in the Trust. We reserve the right to change the designated Trust or to add designated trusts or investment companies. The Investment Divisions available are the Stock Division, the Money Market Division, the Balanced Division and the Aggressive Stock Division. The Guaranteed Interest Division is not part of the Separate Account, but rather is an asset of our General Account. We will value the assets of each Investment Division on each business day. A business day is any day on which Equitable is open, the New York Stock Exchange is open for trading and there is a sufficient degree of trading in the portfolio securities in which an Investment Division is invested to materially affect the Accumulation Unit Value. We may, at our discretion, invest the assets of any Investment Division in any investment permitted by applicable law. We may rely conclusively on the opinion of counsel (including attorneys in our employ) as to what investments it is permitted by law to make. We reserve the right to
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Investment Divisions mean, with respect to an Employer Plan, any one or more, as the case may be, of those Investment Divisions of the Separate Account then available under this Contract which the Employer or Employer Plan Trustee has elected, pursuant to Section 1.17, to be applicable under this Contract to the Employer Plan. The Investment Divisions of the Separate Account are classed as Type A Investment Divisions and Type B Investment Divisions: TYPE A TYPE B INVESTMENT DIVISIONS INVESTMENT DIVISIONS -------------------- --------------------
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Investment Divisions are part of the Separate Account. Each division holds a separate class (or series) of stock of a designated investment company or companies. Each class of stock represents a separate portfolio in an investment company. The Investment Divisions available on the Date of Policy are described on Page 5. We may from time to time make other Investment Divisions available to you. We will provide you with written notice of all material details including investment objectives and all charges. OUR RIGHT TO MAKE CHANGES We reserve the right to make certain changes if, in our judgment, they would best serve the interests of the owners of policies such as this one, or would be appropriate in carrying out the purposes of such policies. Any changes will be made only to the extent and in the manner permitted by applicable laws. Also, when required by law, we will obtain your approval of the changes and the approval of any appropriate regulatory authority. Example of the changes we may make include: . - To operate the Separate Account in any form permitted under the Investment Company Act of 1940, or in any other form permitted by law. - To take any action necessary to comply with or obtain and continue any exemptions from the Investment Company Act of 1940. - To transfer any assets in an Investment Division to another Investment Division, or to one or more separate accounts, or to our general account, or. add, combine, or remove Investment Divisions in the Separate Account. - To substitute, for the investment company shares held in any Investment Division, the shares of another class of the investment company or the shares of another investment company or any other investment permitted by law. - To change the way we assess charges, but without increasing the aggregate amount charged to the Fixed Account and any currently available investment division of the Separate Account or available portfolios of the fund.
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Related to Investment Divisions

  • Investment Decisions Investment, trading, lending or other financial decisions, strategies or recommendations with respect to Investments, whether on behalf of the Master Servicer or any Affiliate thereof, the Special Servicer or any Affiliate thereof, the Operating Advisor or any Affiliate thereof, the Certificate Administrator or any Affiliate thereof, or the Trustee or any Affiliate thereof, as applicable, or any Person on whose behalf the Master Servicer or any Affiliate thereof, the Special Servicer or any Affiliate thereof, the Operating Advisor or any Affiliate thereof, the Certificate Administrator or any Affiliate thereof, or the Trustee or any Affiliate thereof, as applicable, has discretion in connection with Investments.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Investment Advisory Services means (a) advice with respect to the desirability of investing in, purchasing or selling securities or other property, including the power to determine what securities or other property shall be purchased or sold, but not including furnishing only statistical and other factual information (such as economic factors and trends); and (b) the provision of financial, economic or investment management services, but only if ancillary and related to the advice referred to in clause (a) above.

  • regulated investment companies (as defined in Section 851 of the Code), all as from time to time in effect (collectively, the "Policies"), and with all applicable provisions of law, including without limitation all applicable provisions of the Investment Company Act of 1940 (the "1940 Act") and the rules and regulations thereunder. Subject to the foregoing, the Sub-Adviser is authorized, in its discretion and without prior consultation with the Manager, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Series, without regard to the length of time the securities have been held and the resulting rate of portfolio turnover or any tax considerations; and the majority or the whole of the Series may be invested in such proportions of stocks, bonds, other securities or investment instruments, or cash, as the Sub-Adviser shall determine.

  • Investment Strategy is the processes and policies implemented by the Investment Manager for pursuing a particular investment objective managed by an Investment Team.

  • Investment Services means the Investment Services under the Company’s CIF license which can be found in the document “Company Information”.

  • Family of Investment Companies as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other).

  • Investment Advisor means, in relation to a Portfolio, the investment manager or investment advisor of the Portfolio.

  • Public funds means money belonging to the government.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Regulated investment company has the meaning set forth in Section 851 of the Code.

  • Investments as defined in Section 7.8.

  • Registered Investment Company means any one or more corporations, partnerships or trusts registered under the Investment Company Act of 1940 for which Fidelity Management and Research Company serves as investment advisor.

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • Public fund means the state treasurer or a retirement system.

  • Investment Client means (i) any investment company registered as such under the Investment Company Act, any series thereof, or any component of such series for which the Adviser acts as investment adviser; or (ii) any private account for which the Adviser acts as investment adviser.

  • BlackRock Funds and “Trustees of BlackRock Funds” refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. The obligations of “BlackRock Funds” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Fund.

  • Investment Company Act means the Investment Company Act of 1940, as amended.

  • Investment Program means a Person for whom Shipper or a direct or indirect subsidiary of Shipper acts as a general partner, managing partner or manager and the securities of which have been offered and sold to investors.

  • Investment Company Client means any Investment Company (or series thereof ) as to which the Firm is an investment adviser or investment sub-adviser.

  • Private Investment means a securities offering that is exempt from registration under certain provisions of the U.S. securities laws and/or similar laws of non-U.S. jurisdictions. It includes investments in hedge funds, private equity funds, limited partnerships, real estate, peer to peer lending clubs and private businesses.

  • Real Estate Investment Trust means any Person that qualifies as a real estate investment trust under Sections 856 through 860 of the Code.