tailieunhanh - Dictionary of Finantial and Business Terms part 16

Variation margin An additional required deposit to bring an investor's equity account up to the initial margin level when the balance falls below the maintenance margin requirement. Venture capital An investment in a start-up business that is perceived to have excellent growth prospects but does not have access to capital markets. Type of financing sought by early-stage companies seeking to grow rapidly. Vertical acquisition Acquisition in which the acquired firm and the acquiring firm are at different steps in the production process. Vertical analysis The process of dividing each expense item in the income statement of a given year by net. | 151 Dictionary of Finantial and Business Terms Lico Reis - Consultoria L nguas licoreis@ Variation margin An additional required deposit to bring an investor s equity account up to the initial margin level when the balance falls below the maintenance margin requirement. Venture capital An investment in a start-up business that is perceived to have excellent growth prospects but does not have access to capital markets. Type of financing sought by early-stage companies seeking to grow rapidly. Vertical acquisition Acquisition in which the acquired firm and the acquiring firm are at different steps in the production process. Vertical analysis The process of dividing each expense item in the income statement of a given year by net sales to identify expense items that rise faster or slower than a change in sales. Vertical merger A merger in which one firm acquires another firm that is in the same industry but at another stage in the production cycle. For example the firm being acquired serves as a supplier to the firm doing the acquiring. Vertical spread Simultaneous purchase and sale of two options that differ only in their exercise price. See horizontal spread. Virtual currency option A new option contract introduced by the PHLX in 1994 that is settled in US rather than in the underlying currency. These options are also called 3-Ds dollar denominated delivery . Visible supply New muni bond issues scheduled to come to market within the next 30 days. Volatility A measure of risk based on the standard deviation of investment fund performance over 3 years. Scale is 1-9 higher rating indicates higher risk. Also the standard deviation of changes in the logarithm of an asset price expressed as a yearly rate. Also volatility is a variable that appears in option pricing formulas. In the option pricing formula it denotes the volatility of the underlying asset return from now to the expiration of the option. Std Deviation Rating Std Deviation Rating up to 7. 99 1 20.