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Array and Unit

noun

  • An orderly arrangement.
    • usage: "an array of troops in battle order"
  • An impressive display.
    • usage: "it was a bewildering array of books"; "his tools were in an orderly array on the basement wall"
  • Especially fine or decorative clothing.
  • An arrangement of aerials spaced to give desired directional characteristics.

verb

  • Lay out orderly or logically in a line or as if in a line.
    • usage: "lay out the clothes"; "lay out the arguments"
  • Align oneself with a group or a way of thinking.

noun

  • Any division of quantity accepted as a standard of measurement or exchange.
    • usage: "the dollar is the United States unit of currency"; "a unit of wheat is a bushel"; "change per unit volume"
  • An individual or group or structure or other entity regarded as a structural or functional constituent of a whole.
    • usage: "the reduced the number of units and installations"; "the word is a basic linguistic unit"
  • An organization regarded as part of a larger social group.
    • usage: "the coach said the offensive unit did a good job"; "after the battle the soldier had trouble rejoining his unit"
  • A single undivided whole.
    • usage: "an idea is not a unit that can be moved from one brain to another"
  • A single undivided natural thing occurring in the composition of something else.
    • usage: "units of nucleic acids"
  • An assemblage of parts that is regarded as a single entity.
    • usage: "how big is that part compared to the whole"; "the team is a unit"
(DoD) Any military element whose structure is prescribed by competent authority, such as a table of organization and equipment; specifically, part of an organization.
(DoD) An organization title of a subdivision of a group in a task force.
(DoD) A standard or basic quantity into which an item of supply is divided, issued, or used. In this meaning, also called unit of issue.
(DoD) With regard to Reserve Components of the Armed Forces, denotes a Selected Reserve unit organized, equipped, and trained for mobilization to serve on active duty as a unit or to augment or be augmented by another unit. Headquarters and support functions without wartime missions are not considered units.

Unit is a bundled securities position. One example is the combination of stock warrants with a convertible bond. These two combined positions, particularly, in the context of a new offering are considered as a unit.