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Term Definition Legal instruments

linked benefit


means a benefit payable under a linked long-term contract of insurance or a regulated collective investment scheme the amount of which is determined by reference to:

(1) the value of the property of any description (whether specified or not);

(2) fluctuations in the value of any such property;

(3) income from such property; or

(4) fluctuations in an index of the value of such property.