V - Z

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Variable annuity

Annuity whose value fluctuates in accordance with the performance of underlying investment accounts. A securities product, the purchaser bears the investment risk.  

Variable life insurance  
Permanent life insurance whose value fluctuates in accordance with the performance of underlying investment accounts. A securities product, the purchaser bears the investment risk.  

Vesting  
Right an employee gradually acquires by length of service at a company to receive employer-contributed benefits, such as payments from a pension fund or profit-sharing plan.  

Volatility   
The condition describing a security, market or commodity that rises or falls severely in price within a short time period.