Alphabetical - V

Value at Risk	A loss that will not be exceeds at some specified confidence.
Vanilla	A term used to describe a standard deal
Vanilla Swap	Floating for Fixed
Variance Rate	The square of volatility
Variance-Covariance Matrix	A matrix showing variances of and covariances between a number of different market variables.
Variation Margin	An extra margin required to bring the balance in a margin account up to the initial margin when there is a margin call. Further amounts of deposit (debit or credit) calculated by a Clearing House
Vega	Rate of change in the price of an option (or other derivative) with volatility.
Vega Neutral Portfoilo	A portfolio with a vega of zero.
Venture Capital	capital provided for high risks which would not normally attract conventional finance
Vix Index	A measure of the implied volatility of the S&P index options.
Volatility	A measure of the uncertainty of the return realised on an asset.
Volatility Matrix	A table showing the variation of implied volatilities with strike price and time to maturity.
Volatility Skew	A term used to describe the volatility smile when it is nonsymmetrical
Volatility Smile	The variation of implied volatility with strike prices.
Volatility Swap	Swap where the realised volatility during an accrual period is exchanged for a fixed volatility. Both percentage volatilities are applied to a notional principal.
Volatility Term Structure	The variation of implied volatility with time to maturity.
VRN	Variable rate note. A floating rate note where the margin above LIBOR is not fixed but reset at intervals

Value at Risk A loss that will not be exceeds at some specified confidence.
Vanilla A term used to describe a standard deal
Vanilla Swap Floating for Fixed
Variance Rate The square of volatility
Variance-Covariance Matrix A matrix showing variances of and covariances between a number of different market variables.
Variation Margin An extra margin required to bring the balance in a margin account up to the initial margin when there is a margin call. Further amounts of deposit (debit or credit) calculated by a Clearing House
Vega Rate of change in the price of an option (or other derivative) with volatility.
Vega Neutral Portfoilo A portfolio with a vega of zero.
Venture Capital capital provided for high risks which would not normally attract conventional finance
Vix Index A measure of the implied volatility of the S&P index options.
Volatility A measure of the uncertainty of the return realised on an asset.
Volatility Matrix A table showing the variation of implied volatilities with strike price and time to maturity.
Volatility Skew A term used to describe the volatility smile when it is nonsymmetrical
Volatility Smile The variation of implied volatility with strike prices.
Volatility Swap Swap where the realised volatility during an accrual period is exchanged for a fixed volatility. Both percentage volatilities are applied to a notional principal.
Volatility Term Structure The variation of implied volatility with time to maturity.
VRN Variable rate note. A floating rate note where the margin above LIBOR is not fixed but reset at intervals