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Tooltip Categories: Economics & Finance

virtual bank

Internet based financial institution that offers deposit and withdrawal facilities, and other banking services, through automated teller machines or other devices, without having a physical

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VAT declaration

A statement declaring that proportion of a business’s income that is liable to VAT. (source: http://www.qfinance.com/dictionary/vat-declaration)

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VAT payable

VAT registered businesses collect VAT on behalf of the government. Businesses add a certain percentage of the sales price as VAT and charge the full

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vehicle insurance

An insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury

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venture capital

Financial capital provided to early-stage, high-potential, high risk, growth startup companies. (source: http://en.wikipedia.org/wiki/Venture_capital)

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variable income security

The one which rate of return is determined by market and hence the returns continuously changes with the market dynamics. (source: http://wiki.answers.com/Q/Why_common_stock_called_Variable_income_securities#slide3)

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variable interest rate

Interest rate that fluctuates over the term of a loan on the basis of changes in an index that reflects changes in the market rates

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variable cost

Expenses that change in proportion to the activity of a business. Variable cost is the sum of marginal costs over all units produced. (source: http://en.wikipedia.org/wiki/Variable_cost)

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value added tax [VAT]

A type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale. Value-added

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