Financial Dictionary

This dictionary contains:
24549
financial terms

Variable life insurance




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.

RELATED TERMS
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Insurance
A contract in which payment of premiums covers the insured against something which may, or may not occur.

Term
The period of time during which a contract is in force.

Savings
According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time.

Account
1) In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. 2) In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. 3) In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent.

Bond
Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder.

Equity
1) Ownership interest in a firm. 2) The residual dollar value of a futures trading account, assuming its liquidation is at the going trade price. 3) In real estate, dollar difference between what a property could be sold for and debts claimed against it. 4) In a brokerage account, equity equals the value of the account's securities minus any debit balance in a margin account. 5) Shorthand for stock market investments.

Money
A means of payment, especially coins and banknotes, although some definitions also include bank deposits, checks, etc.

Market
1) The total demand for a good. 2) The set of all actual and potential buyers of a good or service. 3) The place where people buy and sell. 4) The process by which buyers and sellers of goods, services and factors of production interact to determine prices and quantifies.



SIMILAR TERMS
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Variable
A quantity that is liable to change; the adjective describing such a quantity.

Variable annuity
An annuity in which you select the investment program that suits your future needs.

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 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
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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
An annuity in which you select the investment program that suits your future needs.

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

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.

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This dictionary contains 24549 terms.







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