| Agreed Redemption Period |
Means the redemption period specified by you when subscribing for your Unit as the period after which your Unit must be redeemed or the first business day after that. |
| Agreed Redemption Date |
Means the last day of your Agreed Redemption Period. Must be a business day. |
| Class |
Units in the fund earning the same Declared Rate. |
| Declared Rate |
Interest rate that is advised to the Unit Holder at the time of purchase of a Unit. For the Kiwibank PIE Term Deposit Fund the Declared Rate will apply until the Agreed Redemption Date of your investment. For the Kiwibank PIE Online Call Fund the Declared Rates can change the length of your investment. |
| Fund |
Either of PIE Online Call Fund or PIE Term Deposit Fund. |
| Kiwibank Investment Management Limited |
A wholly-owned subsidiary of Kiwibank that has been set up to manage the activities of the Funds. |
| Unit |
Means an undivided interest in the assets attributable to the Class to which that Unit belongs. |
| Unit holder |
Means the person registered as the holder of a Unit (including persons jointly registered). |
| Unit Trust |
An investment vehicle that uses pooled money from investors. Typically issues Units to investors that have a monetary value. |
