What is 'Value Added' Value-added describes the enhancement a company gives its product or service before offering the product to customers. Value-added applies to instances where a firm takes a product that may be considered a homogeneous...
What is 'Valuation Reserve' The funds set aside by life insurers as required by state law to compensate for declines in the value of investment instruments that are held by the insurance company as assets. Valuation reserves...
What is 'Value Added Monthly Index - VAMI' An index that tracks the monthly performance of a hypothetical $1000 investment. The calculation for the current month's VAMI is: = Previous VAMI x (1 + Current...
What is 'Variable Prepaid Forward Contracts' An agreement to give a predetermined number of shares to a brokerage firm, with the stipulation of officially transferring title at some future date. The original owner receives a high percentage...
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....