A swap with principal rates that change depending on the market. Payments also vary depending on the market. AKA rollercoaster. Refer to accreting, amoritizing, index principal, mortgage, and reverse index […]

Difference in number of production hours per unit and number of budgeted hours per unit.

Difference in actual cost of production overhead and the amount that was budgeted for the production overhead.

Difference in actual manufacturing cost and budgeted manufacturing cost of units.

Also known as adjustable rate.

Alternate term for variable rate demand obligation .

A note from a bank paying floating interest rate that is redeemable by the investor whenever they want to.

Debt security with floating interest rate adjusted regularly and redeemed when a rate changes. Also known as low floater, variable rate demand note , variable rate demand bond.

Alternate term for Adjustable Rate Mortgage, ARM.

Policy for life insurance featuring variable and universal life insurance . Allows policy owners to have benefits of life insurance for beneficiaries while using life insurance as a tool of […]

Quantities measured continuously, not in discrete units.

Process used to predict variables by sampling a population.

In pleading and practice. A discrepancy or disagreement between two instruments or two steps iu the same cause, which ought by law to be entirely consonant Thus, if the evidence […]

Reporting and recording financial results and comparing them with standard budget quantities.

Process aimed at finding the variance between actual and budgeted or targeted performance levels and cause identification .

A swap that considers realized and implied volatility squared. They are used in equity and foreign exchange markets. Refer to realized volatility swap .

Degree of variation starting a warning or remedial act.

Change of output or result that becomes inevitable over time as systems will always vary.

Once a maintenance margin is breached security is posted to cover the remaining costs. If this is not done the contract is terminated. Refer to initial margin and clearing margin […]

Departing from precise trust agreement terms.

In old Scotch law . Warranty.

The operation of castration as performed by section (cutting) of the vas deferens or spermatic cord; sometimes proposed as au iuhibitory punishment for rapists and other criminals.

In feudal law. A feudal tenant or grantee; a feudatory; the holder of a fief on a feudal tenure, and by the obligation of performing feudal services. The correlative term […]

The state or condition of a vassal.

The tenure or holding of a vassal. Cowell.