|Value-Added Tax: A tax levied at each
stage in the production cycle, when another
feature is added to the functioning of the
|Variable Annuity: A variable annuity is
a contract between you and an insurance company or
a bank in which you contribute money that grows
tax deferred and receive a payout later, generally
at retirement. Variable annuities differ from
fixed annuities in that you decide how to invest
your contributions. As a result, the size of your
payout is variable — it depends on the success of
your investments. Contributions to an annuity are
made after taxes but all capital in the annuity
grows tax-deferred, similar to employer-sponsored
retirement plans or traditional IRAs.
|Variable Cost: Production costs
involving raw materials, labor, and utilities that
vary according to the production quantity.
|Venture Capital: Capital provided by a
pool of investors for use by firms just starting
or expanding, in return for an equity position in
the venture. .
|Venture Capital: Money invested in
start-up companies by a venture capital firm. The
venture capitalist hopes to make a big profit when
the start-up “goes public” and its shares are
traded on a stock exchange.
|Vesting: When an employee becomes
eligible for retirement benefits.
|Volatile: When a market or a stock’s
price has wild swings up and down.
|Voting Rights: The opportunity to vote
on issues of importance to the company. Owners of
common stock acquire voting rights
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