What is a 'Variable Overhead' Variable overhead is the indirect cost of operating a business, which fluctuates with manufacturing activity. For example, while most overhead costs, such as rent, salaries and insurance, are typically fixed, expenses paid...
What is 'Variable Benefit Plan' A type of retirement plan in which the payout changes depending on how well the plan's investments perform. Variable benefit plans, also called defined contribution plans, allow the plan holder to manage...
What is 'Valued Marine Policy' A type of insurance coverage that places a specific value on the insured property, such as the hull or cargo of a shipping vessel. A valued marine policy pays up to, or...
DefinitionThe term "velocity of money" refers to how fast money passes from one holder to the next. It can refer to the income velocity of money, which is the frequency at which the average same unit of currency is...
What is 'Vandalism And Malicious Mischief Insurance' A type of insurance coverage that protects against losses sustained as a result of vandals. Vandalism and malicious mischief insurance is included in most basic commercial and homeowner policies. It...
DefinitionVance D. Coffman was the chairman of the board and chief executive officer of Lockheed Martin Corporation. He was elected to the board of directors of 3M on 12 May 2009. Vance D. Coffman What is 'Vance D....
What is a Variable Overhead Spending Variance
A variable overhead spending variance is the difference between the actual amount of variable overhead incurred and the amount that was budgeted. This variance can be either positive or negative, depending on whether...
What is 'Value Reporting Form' An insurance form that is used to provide the variable coverage amounts needed by commercial businesses that carry irregular inventories throughout the year. The value reporting form is used to report inventory...
What is 'Venture Capital Trust - VCT' A type of publicly listed closed-end fund found in the United Kingdom. A venture capital trust is designed as a way for individual investors to gain access to venture capital...
What is 'Vanilla Strategy' An approach to investing or to business decision-making that is basic and common. Some investors and businesses excel because they choose an ordinary, vanilla strategy, while others succeed through innovation. In derivatives trading,...