Variation Margin

Variation margin is the periodic (often daily or intraday) payment required to restore a clearing member’s or trader’s margin account after market movements reduce…

Variance Swap

Key takeaways – A variance swap is a forward-style derivative that pays the difference between realized variance of an underlying asset and a pre‑agreed…

Variance

Variance is a statistical measure of dispersion that quantifies how far the values in a data set spread out from their mean (average). In…

Variance Inflation Factor Vif

Key takeaways – VIF measures how much the variance (i.e., the standard error squared) of an estimated regression coefficient is inflated because of linear…

Variable Ratio Write

A variable ratio write (also called a ratio buy‑write) is an options income strategy in which you hold a long position in the underlying…

Variable Rate Demand Note

A variable‑rate demand note (VRDN), also called a variable‑rate demand obligation (VRDO), is a long‑term municipal debt security whose interest rate resets at short‑term…

Variable Universal Life Vul Insurance

Key takeaways – Variable universal life (VUL) is a form of permanent life insurance that combines a lifetime death benefit with a cash‑value investment…

Variable Life Insurance

Variable life insurance is a form of permanent life insurance that combines a death benefit with an investment account. Part of each premium builds…

Variable Interest Rate

A variable interest rate (also called floating or adjustable) is an interest rate on a loan, credit line, bond, or derivative that changes over…

Variable Death Benefit

A variable death benefit is the portion of a life insurance payout that varies with the performance of investment subaccounts inside a variable universal…