V
Auditing Terms - Vvalue-added network (VAN) - (an electronic data interchange infrastructure, often maintained by an outside vendor, which automates and coordinates manual processes done by employees, such as inventory tracking and ordering)
Value-Added Tax (VAT) - (A form of consumption tax levied on the value added to a product at each stage of its manufacturing cycle as well as at the time of purchase by the ultimate consumer.)
value at risk (VAR) - (models used by financial institutions to measure the risks of complex derivatives)
value-for-money auditing (VFM) - (alternative term for operational auditing - an evaluation of management's performance and conformity with policies and budgets)
value index (VI) - (net income produced by one dollar of research expense on new products)
Value Line Investment Survey (VL) - (investment advisory service that ranks stocks)
Vancouver Stock Exchange (VSE) -
Vanguard Index Participation Receipts (VIPER) - (Exchange-Traded Fund whose underlying asset is a Vanguard index fund)
variable cost (VC) - (a cost that changes in total in proportion to changes in the activity level)
Variable Interest Entity (VIE) - (entity whose equity investors do not have sufficient equity at risk to enable the entity to finance its own activities)
variable (factory) overhead (VO) - (portion of factory overhead that varies directly with changes in volume - supplies, fuel, power)
variable overhead absorption rate (VOAR) - (variable overhead divided by the number of units)
Variable-Rate Demand Note (VRDN) - (note representing borrowings, usually from a commercial bank, that is payable on demand and that bears interest tied to a money market rate)
Variable Rate Mortgage (VRM) - (mortgage agreement between a financial institution and a real estate buyer stipulating predetermined adjustments of the interest rate at specified intervals)
Venture Enhancement & Loan Development Administration for Smaller Undercapitalized Enterprises (VELDA SUE) - (federal agency that buys small business loans made by banks, pools them, then issues securities that are bought as investments by larger institutions)
Very Important Person (VIP) -
Vested Benefit Obligation (VBO) - (the actuarial present value of vested pension benefits employees have a right to receive regardless of future employment or future salary levels)
Veterans Administration (VA) - (Former federal agency administering programs for veterans - now Department of Veterans Affairs)
Veterans Affairs, Dept of (VA) - (federal agency administering programs for veterans - formerly Veterans Administration)
Vice President (VP) (Veep) -
Vienna Stock Exchange (VSE) -
virtual local area network (VLAN) - (switching technology which allows an administrator to create separate groups of local computers which operate as a virtual network)
Virtual Private Network (VPN) - (a virtual version of a secure, physical network, which uses encrypted packets sent over the Internet - can be remote, between branch offices, or local)
Visual Basic (VB) - (programming language which allows programmers to lay out the program's windows graphically)
Voice over Internet Protocol (VoIP) - (allows voice/phone calls to be transmitted over an Internet Protocol (IP) network)
Volatility Index of the Chicago Board Options Exchange (CBOE) (VIX) - (measure of traders' expectations of volatility)
volume (VOL) - (total number of stock shares, bonds, or commodities futures contracts traded in a particular period)
volume deleted (VD) - (note on stock market reporting tape, during periods of heavy trading, that the volume of trades will not be reported)
Volume-Weighted Average Price (VWAP) - (the price at which the majority of trading in a given stock took place on a given day)
voluntary health and welfare organization (VHWO) - (an organization, supported by public contributions, that offers free or low-cost services to the public)
Voting Trust Certificate (VTC) - (transferable certificate of beneficial interest in a voting trust, allowing for control of a corporation)