VIATICAL SETTLEMENTS

A viatical settlement allows you to invest in another person's life insurance policy.  With a viatical settlement, you purchase the…

5 years ago

VARIABLE-RATE CDS

These have changeable interest rates. Some variable-rate CDs feature a "multi-step" or "bonus rate" structure in which interest rates increase…

5 years ago

VARIABLE LIFE INSURANCE

A variable life insurance policy is a contract between you and an insurance company. It is intended to meet certain…

5 years ago

VARIABLE ANNUITY SURRENDER CHARGES

A "surrender charge" is a type of sales charge you must pay if you sell or withdraw money from a…

5 years ago

VARIABLE ANNUITIES – FREE LOOK PERIOD

You may cancel your contract within a short period (usually lasting at least 10 days) of receiving it without a…

5 years ago

VARIABLE ANNUITIES

A variable annuity is a contract between you and an insurance company, under which you make a lump-sum payment or…

5 years ago

UNIT INVESTMENT TRUSTS (UITS)

A unit investment trust UIT is one of three basic types of investment companies. The other two types are open-end funds…

5 years ago

ULTRA-SHORT BOND FUNDS

Ultra-short bond funds are mutual funds that generally invest in fixed income securities with extremely short maturities, or time periods in which…

5 years ago

TRUSTEE

An institution, usually a bank, designated by the issuer as the custodian of funds and official representative of bondholders.

5 years ago

TREASURY SECURITIES

Treasury securities—including Treasury bills, notes, and bonds—are debt obligations issued by the U.S. Department of the Treasury. Treasury securities are…

5 years ago