Legal Definitions - omnium

Omnium refers to the total value or aggregate amount of all the components within a consolidated fund, stock, or collection of assets. It represents the complete worth of a combined set of items, particularly in commercial or financial dealings.

• Example 1: Investment Fund Valuation

  Imagine an investment firm manages a specialized fund that includes shares in various technology companies, government bonds, and a small allocation to real estate investment trusts. The omnium of this fund would be the combined market value of all these diverse investments at any given moment.

  This illustrates omnium as the total monetary worth of all the different assets pooled together in a single investment vehicle.

• Example 2: Commercial Inventory Assessment

  A large wholesaler is preparing to sell off an entire warehouse full of various electronics, from televisions to small appliances, to a single buyer. Before the sale, they calculate the omnium, which is the total estimated market value of every item in that warehouse inventory.

  Here, omnium represents the complete aggregate value of a diverse collection of goods held as stock, intended for a bulk commercial transaction.

• Example 3: Insuring a Collection of Valuables

  A specialized insurance company offers a comprehensive policy covering a client's entire collection of rare art, antique furniture, and vintage cars. The insurer might refer to the omnium as the total insured value of all these distinct high-value possessions combined under that single policy.

  This shows omnium as the total declared or assessed value of multiple valuable items grouped together for a specific purpose, like comprehensive insurance coverage.