Voluntary Simplicity
• Voluntary simplicity (also called simple living or downshifting) is an intentional lifestyle choice to reduce unnecessary consumption, focus on what matters, and lower…
Voluntary Reserve An Overview
Overview A voluntary reserve (also called additionally held liquid assets) is cash or cash-equivalent assets that an insurance company holds above the minimum amounts…
Voluntary Plan Termination
A voluntary plan termination is when an employer decides to discontinue a qualified retirement plan (most commonly a defined-benefit plan or a defined-contribution plan…
Voluntary Liquidation
Key Takeaways – Voluntary liquidation is a company-initiated winding up of affairs and dissolution rather than a court-ordered (forced) liquidation. – Solvent companies normally…
Voluntary Life Insurance
Voluntary life insurance is an employer‑sponsored, optional life insurance benefit that an employee can elect and pay for (usually via payroll deduction). If the…
Voluntary Lien
• A voluntary lien is a consensual legal claim a borrower allows on specific property to secure a debt (example: a mortgage or auto…
Voluntary Foreclosure
A voluntary foreclosure is a borrower-initiated surrender of a mortgaged property when the borrower can no longer — or chooses not to — continue…
Voluntary Conveyance
Voluntary conveyance is the intentional transfer of title to real property from one person (the conveyor) to another without receiving adequate consideration (market-value payment)…
Voluntary Bankruptcy
Key takeaways – Voluntary bankruptcy is when a debtor (individual or business) files a petition with a court asking to be declared bankrupt because…
Voluntary Accidental Death And Dismemberment Insurance Vad And D
• Voluntary Accidental Death and Dismemberment (VAD&D or AD&D) provides a cash benefit for accidental death or certain disabling injuries (loss of limbs, sight,…