The following definitions apply for purposes of this article:

1. (a) “Applicable value” means the amount of the net fair market value of a trust taken into account under Section 16336.
2. (b) “Express unitrust” means a trust for which, under the terms of the trust without regard to this article, income or net income shall or may be calculated as a unitrust amount.
3. (c) “Income trust” means a trust that is not a unitrust.
4. (d) “Net fair market value of a trust” means the fair market value of the assets of the trust, less the noncontingent liabilities of the trust.
5. (e) “Unitrust” means a trust for which net income is a unitrust amount. The term includes an express unitrust.
6. (f) “Unitrust amount” means an amount computed by multiplying a determined value of a trust by a determined percentage. For a unitrust administered under a unitrust plan, the term means the applicable value, multiplied by the unitrust rate.
7. (g) “Unitrust plan” means a plan described in Sections 16334 to 16338, inclusive, and adopted pursuant to Section 16332.
8. (h) “Unitrust rate” means the rate used to compute the unitrust amount under subdivision (f) for a unitrust administered under a unitrust plan.