Vicarious Liability
Vicarious liability (sometimes called imputed liability) is the legal doctrine that holds one person or entity responsible for the wrongful acts of another, even…
Viatical Settlement
A viatical settlement is an arrangement in which a person who is terminally or chronically ill sells an existing life insurance policy to a…
Viager
A viager is a type of real‑estate sale common in France in which the buyer pays a lump sum up front (the bouquet) and…
Vetting
Vetting is the process of systematically investigating an individual, company, product, or other entity to determine whether it is suitable, trustworthy, and safe to…
Veterans Group Life Insurance Vgli
VGLI is a renewable term life insurance program that lets veterans continue the group life coverage they had under Servicemembers’ Group Life Insurance (SGLI)…
Veterans Administration
Overview The “Veterans Administration” (VA) was the name of the independent U.S. federal agency created in 1930 to centralize veteran services. In 1989 it…
Vesting
Vesting is the process by which an individual earns non‑forfeitable ownership of employer‑provided benefits or assets. Common examples include employer matching contributions to retirement…
Vested Interest
A vested interest is a legally protected right to receive or control an asset (tangible or intangible) now or in the future. In finance…
Vested Benefit
A vested benefit is a right to keep a promised employer-provided benefit once you have met the required service or other conditions. Vested benefits…
Definition Of Vested Benefit Obligation Vbo
What is a Vested Benefit Obligation (VBO)? – Definition: The Vested Benefit Obligation (VBO) is the actuarial present value of pension benefits that employees…