Arrow Financial Services

Jargon Buster

Jargon Buster



Results for letter: V


VALUATION

An independent check of a property by an approved surveyor to help a lender establish how much the property is worth and how much they are prepared to lend on it.

VARIABLE RATE

The interest rate that a lender charges on a loan or mortgage. It can go down as well as up, which ultimately means that your repayments can do the same.

VAT (VALUE ADDED TAX)

A form of indirect taxation levied on goods and services at the point of sale.

VOLATILITY

The degree by which share prices in a particular market or sector go up or down.

WITH PROFITS POLICY

A life insurance or pension policy which has annual bonuses added to the sum insured.

VCTs (VENTURE CAPITAL TRUSTS)

VCTs are a form of publicly traded private equity, comparable to business development companies in the United States. VCTs are companies listed on the London Stock Exchange, which invest in other companies which are not themselves listed.

VENTURE CAPITAL

An investment in a start-up business that is perceived to have excellent growth prospects but that does not have access to capital markets.

VALUE-AT-RISK (VAR)

A calculation which allows a financial institution to estimate the maximum amount it might expect to lose in a given time period with a certain probability.

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