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V

Value inventory
Asks a person to answer questions about the extrinsic and intrinsic values that are important to him/her (i.e. earning a high salary, making a contribution to society, and having a prestigious job)
Variable annuity
Annuity contract in which the funds are invested in investments for which the underlying values can fluctuate
Variable cost
Any costs which change significantly with the level of output (i.e. cost of materials)
Variable life insurance
Securities-based whole life insurance policy that has a fixed premium and provides variable cash values and death benefit, depending on the performance of the separate account
Variable rate
Interest rate that may fluctuate during the term of a loan, line of credit or deposit account, according to changes in an index rate, such as the prime rate or other prescribed criteria
Variable universal life insurance
Death benefit protection with investment features that can help invest for retirement
Vendor
Seller of products or services; often used interchangeably with the terms independent contractor, freelancer and consultant; ALSO used to describe a business being run on a street, such as a newspaper vendor
Venture capital
Money used to support new or unusual undertakings; equity, risk or speculative investment capital; provided to new or existing firms which exhibit potential for above-average growth
Vesting
The point, through length of service, at which an employee has the right to receive employer-contributed benefits such as pensions