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Glossary V

Valuation techniques

Methods used to determine the value of assets or liabilities, such as discounted cash flow analysis or market comparables.

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Value-at-risk (VaR)

A statistical measure of the potential loss on an investment.

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Variable annuities

An investment product that provides a stream of income in retirement.

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Variances

Differences between actual and expected results.

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Variety of projects

A range of different projects or tasks.

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VEE credits

Validation by Educational Experience credits required for actuarial certification.

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Vehicle make and model

The brand and specific model of a vehicle.

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Vocational rehabilitation

Services that help individuals with disabilities or injuries return to work.

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Volatility

The degree of variation in an investment’s returns over time.

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