initial price

(in COLL) in relation to a unit of any class:

1. (a) in a single-priced authorised fund, the price to be paid; or
1. (b) in a dual-priced authorised fund, the amount agreed by the depositary and authorised fund manager as being the maximum price, inclusive of any preliminary charge, that may be paid to the authorised fund manager; during the period of the initial offer under COLL 6.2.3 R (Initial offer).