Valuation:

The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.

Value Investing:

The strategy of selecting stocks that trade for less than their intrinsic value. Value investors actively seek stocks of companies that they believe the market has undervalued. They believe the market overreacts to good and bad news, causing stock price movements that do not correspond with the company’s long-term fundamentals. The result is an opportunity for value investors to profit by buying when the price is deflated.

Typically, value investors select stocks with lower-than-average price-to-book or price-to-earnings ratios and/or high dividend yields.

Variable Annuity:

An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio.

Vesting:

The process by which employees accrue non-forfeitable rights over employer contributions that are made to the employee’s qualified retirement plan account.