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V - A Nasdaq stock symbol specifying that it is when-issued or when-distributed. VAMI - Value Added Monthly Index - An index that tracks
the monthly performance of a hypothetical $1000 investment. VAR - Value At Risk - A technique used to estimate the probability of portfolio losses based on the statistical analysis of historical price trends and volatilities. VCR - Variable Coupon Renewable Note - A renewable fixed income security with variable coupon rates that are periodically reset. VEB - The currency abbreviation for the Venezuelan bolivar (VEB), the currency for Venezuela from 1879 to January 2008. The Venezuelan bolivar was made up of 100 céntimos and was presented with the symbol Bs. The Venezuelan bolivar was replaced with the bolivar fuerte (VEF) at a rate of 1000:1 because the bolivar was so devalued due to inflation. Bolivar fuerte is translated in English as "strong bolivar." VEBA - Voluntary Employees Beneficiary Association Plan - A tax-free post-retirement medical expense account used by retirees and their eligible dependents to pay for any eligible medical expenses. The plan is funded by the amount of unused sick leave that an employee has at the time of retirement, which is contributed by the employer into the plan. The benefit of this plan is the amount of sick leave left at retirement is paid out in full to the plan and is not subject to tax, which would reduce the amount one would receive. VER - Voluntary Export Restraint - A trade restriction on the quantity of a good that an exporting country is allowed to export to another country. This limit is self-imposed by the exporting country. Typically, VERs are a result of requests made by the importing country to provide a measure of protection for its domestic businesses that produce substitute goods. VERs are often created because the exporting countries would prefer to impose their own restrictions than risk sustaining worse terms from tariffs and/or quotas. VIPERS - Vanguard Exchange Traded Funds - A class of ETFs offered by Vanguard and traded like any other share on the American Stock Exchange. There are presently 27 Vanguard ETFs with underlying indexes covering both individual sectors (such as materials and energy)as well as domestic and international indexes. Previously known as VIPERS, the ETFs are designed to track their underlying indexes as closely as possible and offer the increased flexibility of intraday trading. VND - The currency abbreviation for the Vietnamese dông (VND), the currency for Vietnam. The Vietnamese dông is made up of 10 hào and 100 xu, and is often presented with the symbol d. Although the dông is made up of two different subunits, neither have been used in Vietnam for many years. VPP - Volumetric Production Payment -
A type of structured investment that involves the owner of an oil and gas interest selling a specific volume production
in that field or property. The investor receives a stated monthly quota – often in raw output, which is then marketed
by the VPP buyer – or a specified percentage of the monthly production achieved at the given property. VPT - Volume Price Trend Indicator - A technical indicator consisting of a cumulative volume line that adds or subtracts a multiple of the percentage change in share price trend and current volume, depending upon their upward or downward movements. VSAT - Very Small Aperture Terminal - A type of two-way satellite that transmits both narrow and broadband data to satellites in orbit. The data is then redirected to other remote terminals or hubs around the planet. VSATs are mainly used for wireless transmission of real-time data. VUV - The currency abbreviation for the Vanuatu vatu (VUV), the currency for Vanuatu. The Vanuatu vatu has no subunit, and is often presented with the symbol Vt. Vanuatan residents refer to a notional dollar that equals 100 vatu, which comes from the period of 1966 to 1973 when the New Hebrides franc (the currency at the time) was pegged to the Australian dollar (AUD) at a rate of 100 francs to 1 Australian dollar. VWAP
- Volume Weighted Average Price - A trading benchmark used especially in pension plans. VWAP
is calculated by adding up the dollars traded for every transaction (price multiplied by number of shares traded) and then
dividing by the total shares traded for the day. VXN - CBOE Nasdaq Volatility Index - A volatility index on the Chicago Board Options Exchange, known by its ticker symbol VXN. The VXN is a measure of implied volatility for the Nasdaq 100 (NDX). VA Loan - A mortgage loan program established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing. The Department of Veterans Affairs does not directly originate VA loans; instead, they establish the rules for those who may qualify, dictate the terms of the mortgages offered and insure VA loans against default. Vacation Home - A home separate from an individual's primary residence that is used for recreational purposes and may also be rented out at unused times. Valoren Number - An identification number assigned to financial instruments in Switzerland. These numbers are similar to the CUSIP numbers that are used in Canada and the U.S. A typical valoren number is between six to nine digits in length. Valuation - The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective. Valuation Analysis
- A form of fundamental analysis that looks to compare the valuation of one security to another, to a group of
securities or within its own historical context. Valuation analysis is done to evaluate the potential merits of an investment
or to objectively assess the value of a business or asset. Value Added - The enhancement a company gives its product or service before offering the product to customers. Value Averaging - An investing strategy that works like dollar cost averaging (DCA) in terms of steady monthly contributions, but differs in its approach to the amount of each monthly contribution. In value averaging, the investor sets a target growth rate or amount on his or her asset base or portfolio each month, and then adjusts the next month's contribution according to the relative gain or shortfall made on the original asset base. Value Chain - A high-level model of how businesses receive raw materials as input, add value to the raw materials through various processes, and sell finished products to customers. Value Date - A future date used in determining the value of a product that fluctuates in price. Typically, you will see the use of value dates in determining the payment of products and accounts where there is a possibility for discrepancies due to differences in the timing of valuation. Such products include forward currency contracts, option contracts, and the interest payable or receivable on personal accounts. Also referred to as "valuta". Value Fund - A stock mutual fund that primarily holds stocks that are deemed to be undervalued in price and that are likely to pay dividends. Value funds are one of three main mutual fund types; the other two are growth and blend (a mix of value and growth stocks) funds. Value Investing
- The strategy of selecting stocks that trade for less than their intrinsic values. Value investors actively
seek stocks of companies that they believe the market has undervalued. They believe the market overreacts to good
and bad news, resulting in stock price movements that do not correspond with the company's long-term fundamentals.
The result is an opportunity for value investors to profit by buying when the price is deflated. Value
Line Index - An equal-weighted stock index containing 1,700 companies from the NYSE, American
Stock Exchange, Nasdaq and over-the-counter market. VIX
- CBOE Volatility Index. The ticker symbol for the Chicago Board Options Exchange (CBOE) Volatility Index, which shows the market's expectation of 30-day volatility. It is constructed using the
implied volatilities of a wide range of S&P 500 index options. This volatility is meant to be forward looking and
is calculated from both calls and puts. The VIX is a widely used measure of market risk and is often referred to as the
"investor fear gauge". |
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