What is Variable-Rate Mortgage? A variable-rate mortgage is also known as an adjustable-rate mortgage (ARM). It refers to a type of home loan where the interest payment is not fixed but changes periodically to reflect the prevailing interest rates. An adjustable-rate mortgage is tied to a short-term interest rate, whose shocks directly affect the variable…
What is a Vault Receipt? A vault receipt is a document used to indicate ownership of commodity stored in a bank, vault, depository, or warehouse and regularly used as a delivery mechanism in precious metals contracts. The receipt is collateralized to meet contract standards and can, therefore, be used to transfer precious metals, such as…
What is a Value Network? A value network refers to interactions in organizations or departments, where people create plans or sell products and services that benefit the organization. The value network comprises individuals working in the organization, the positions within the organization, or a combination of both. The network can be represented as a graphical…
What is a Value Reporting Form? A value reporting form is an insurance report used to monitor the coverage level of commercial businesses with changing inventory values over time. The constant changes in inventory are a result of changes in the quality and quantity of items held. The reporting form requires the insured business to…
What is a Value-Added Monthly Index (VAMI)? A value-added monthly index (VAMI) is a type of index used by investors to measure the performance of an investment based on a hypothetical $1,000 investment over a period of time. Also, the VAMI is used to compare various funds, set goals, budget for capital expenditures, evaluate the…
What are Value-Added Resellers (VAR)? Value-added resellers (VAR) are companies that improve or customize products or services from the primary source for reselling. In addition to the products provided by suppliers or manufacturers, the companies may also sell their supplementary products and services. Typically, the value emanates from providing professional services, such as product assembly,…
What is Valued Marine Policy? A valued marine policy is a branch of marine insurance that assigns a value on the insured property before the occurrence of loss or damage. Marine insurance is a form of marine policy that covers ships or cargo from the risk of loss or damage during transit. It manages the…
What is a Business Plan? A business plan is a document that contains the operational and financial plan of a business, and details how its objectives will be achieved. It serves as a road map for the business and can be used when pitching investors or financial institutions for debt or equity financing. A business…
What is a Strategic Buyer? A strategic buyer is a buyer who is already operating in the same industry as the company he’s trying to acquire. Often, strategic buyers are competitors, suppliers, or clients of the acquisition target. The strategic buyer’s main goal is to find a company whose products and services align with the…
What is Organizational Analysis? Organizational analysis is the process of appraising the growth, personnel, operations, and work environment of an entity. Undertaking an organizational analysis is beneficial, as it enables management to identify areas of weakness and then find approaches for eliminating the problems. Characteristics of Organizational Analysis Important aspects of organizational analysis include the…
