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Ul Un

In law, ultra vires describes actions taken by an entity that fall outside of its legal power or authority. The term is often used in relation to corporations, as it describes actions taken by the corporation that are not within the scope of its charter or articles of incorporation. Additionally, ultra vires actions can void …

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Unit Trust

A unit trust is a type of investment fund that pools money from many investors and uses it to buy a portfolio of securities. The securities in the portfolio may include stocks, bonds, and other assets. The unit trust is managed by a professional money manager who buys and sells the securities in the fund …

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