Definitions

(a) "Treasurer" shall mean the Treasurer of the State of Connecticut. (b) "Participant" shall mean a retirement or trust fund for which the Treasurer is custodian and/or trustee and which is in whole or part combined with other funds for investment purposes in accordance with Public Act 229 adopted by the 1972 legislature. (c) "Securities" shall mean common stock, preferred stock, convertible preferred stock, bonds, debentures, convertible debentures, warrants, rights, mortgages, and all other evidences of investment or ownership. (d) "Assets" and "liabilities" shall be defined by generally accepted accounting principles and will include but not be limited to investments, cash, receivables and payables. (e) "Cost Value Per Unit" shall mean the participating retirement or trust fund U.S. dollar cost of acquiring ownership in the investment funds divided by the number of units received for such investment dollars. Unit market value shall be determined based on the net worth of the investment fund at market value as of the preceding month-end. (f) "Market Value Per Unit" shall mean the market or fair value of an investment fund at a month-end divided by the units owned by participating retirement and trust funds.