VALUATION
An assessment of the value of your property or one you're considering buying. It may involve a visit by a surveyor or may be done on the basis of the post code (a 'desktop valuation'). The term can also be used to describe an assessment of the value of investments in an investment fund.
VOLATILITY
A reflection of how changeable share prices are. The more volatile the stock market (or a particular stock market index) is, the more of a roller-coaster ride you're likely to experience. Shares are by nature, fairly volatile investments, so if the idea of volatility would worry you, don't invest in them.
VOLUNTARY EXCESS
Many insurance policies impose a compulsory excess, which is the first part of the claim that you have to pay. However, you may also be able to reduce your premiums by having a voluntary excess as well.
|
