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Variable annuity
Variable annuityAn annuity in which you select the investment program that suits your future needs. RELATED TERMS-------------------------------------- Annuity To commence a series of payments from the capital that has accumulated in an annuity. The payments may be a fixed amount, for a fixed period of time, or for a lifetime. Investment The purchase of materials, machines, property, securities, etc. in order to produce income or profits. Future Contracts covering the sale of financial instruments or physical commodities for future delivery on a commodity exchange. SIMILAR TERMS-------------------------------------- Variable A quantity that is liable to change; the adjective describing such a quantity. Variable cost A cost that changes in proportion to a change in a company's activity or business. Variable interest rate Interest rates offered by banks and financial institutions on loans or deposits which are liable to change according to circumstances. Variable life insurance Insurance which combines term insurance (a death benefit) with a savings account, which can be switched between bond, equity and money market funds. Variable plan A plan in which either the number of shares and-or the price at which they will be issued is not known on the grant date. Variable price security A security that sells at a fluctuating market determined price stocks and bonds are example. Variable rate A variable rate agreement, as distinguished from a fixed rate agreement, calls for an interest rate that may fluctuate over the life of the loan. Variable rate certificate A certificate of deposit whose interest rate varies and is dependent on an influence such as prime rate. Variable rate demand note A note that is payable on demand and bears interest tied to a money market rate. Variable rate loan Loan made at an interest rate that fluctuates depending on a base interest rate, such as the prime rate or LIBOR. Variable rate mortgage (VRM) A mortgage where the interest rate is not fixed and which is dependent on influences such as interest rates on Treasury securities in the US or base rate in the UK. Variable rated demand bond (VRDB) Floating rate bond that periodically can be sold back to the issuer. Variable ratio write An option strategy in which the investor owns 100 shares of the underlying security and writes two call options against it, each option having a different striking price. Varian Medical Systems Varian Medical Systems is a top United States corporation in the field of health care equipment and services, and its estimated market value is 4,80 million US dollars. Variance Is a measure of volatility, risk, or statistical dispersion. It is the square of the standard deviation. Variance minimization approach to tracking An approach to bond indexing that uses historical data to estimate the variance of the tracking error. Variance rule Specifies the permitted minimum or maximum quantity of securities that can be delivered to satisfy a TBA trade. Variance swap A type of volatility swap where the payout is linear to variance rather than volatility. Variation margin Profits and losses on open futures contracts, which are revalued daily at the settlement price, which are subsequently paid to or received from the clearing house. Variation of trust It is possible to vary a trust deed if all the potential beneficiaries are adult, of sound mind and wish the change to be made. VARICK MEMORIAL Credit Union VARICK MEMORIAL is a credit union with head office in HEMPSTEAD, NY Varig Brazil Varig Brazil is a major airline in Brazil. VARITRONIX INTL VARITRONIX INTL is a securities company with code 00710 at Hong Kong stock. Board lot: 1,000. PREVIOUS AND NEXT TERMS-------------------------------------- Value-added tax (VAT) A sales tax collected at each stage of production, excluding the already taxed costs from previous stages. Valued policy An insurance policy in which the value of the insured item is defined and agreed at the commencement of the policy. Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vanilla issue A security issue that has no unusual features. Variable A quantity that is liable to change; the adjective describing such a quantity. Variable annuity Variable cost A cost that changes in proportion to a change in a company's activity or business. Variable interest rate Interest rates offered by banks and financial institutions on loans or deposits which are liable to change according to circumstances. Variable life insurance Insurance which combines term insurance (a death benefit) with a savings account, which can be switched between bond, equity and money market funds. Variable plan A plan in which either the number of shares and-or the price at which they will be issued is not known on the grant date. Variable price security A security that sells at a fluctuating market determined price stocks and bonds are example. We thank you for using the Financial Dictionary to search for Variable annuity. If you have a better definition for Variable annuity than the one presented here, please let us know by making use of the suggest a term option. This definition of Variable annuity may be disputed by other professionals. Our attempt is to provide easy definitions on Variable annuity and any other medical topic for the public at large.
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