← All Glossary VA Loan A mortgage guaranteed by the US Department of Veterans Affairs, offering qualified veterans and service members zero down payment, no PMI, and competitive rates. Value at Risk (VaR) A statistical risk measure estimating the maximum potential loss over a specific period at a given confidence level, widely used in portfolio risk management. Value Investing An investment strategy selecting stocks trading below their intrinsic value, pioneered by Benjamin Graham and popularized by Warren Buffett. Variable Annuity An annuity contract where payments fluctuate based on the performance of underlying investment sub-accounts, offering tax-deferred growth and guaranteed death benefits. Variable Life Insurance A permanent life insurance policy with a cash value component invested in sub-accounts, offering death benefit protection combined with investment market exposure. Vega An options Greek measuring the sensitivity of an option's price to a 1% change in implied volatility, highest for at-the-money options near expiration. Viatical Settlement The sale of a life insurance policy by a terminally ill person to a third party for a lump sum less than the death benefit, providing immediate cash while alive. Volatility The degree of variation in an asset's trading price over time, measured by standard deviation, used as a proxy for risk in financial markets. Volume The number of shares or contracts traded in a security or market during a given period, indicating liquidity and trading activity level. VWAP (Volume-Weighted Average Price) A trading benchmark calculated by the ratio of price times volume traded to total volume, representing the average price weighted by trading activity.
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