Variable levy


 

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Variable levy

A tax on imports that varies over time so as to stabilize the domestic price of the imported good. Essentially, the tax is set equal to the difference between the target domestic price and the world price.



Similar Matches

Variable rate demand note

Variable rate demand note

A note that is payable on demand and bears interest tied to a money market rate.


Variable annuities

Variable annuities

Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio.


Variable life insurance

Variable life insurance

A form of cash value life insurance in which the cash value of the policy may be invested in shares and bonds etc. according to the insured's choice.


Variable

Variable

An element in a model. For example, in the model RS&Pt+1 = a + b Tbill t + et, where RS&Pt+1 is the return on the S&P in month t+1 and Tbill is the Tbill return at month t, both RS&P and Tbill are "variables" because they change through time; i.e., they are not constant.


Investment Company with Variable Capital

Investment Company with Variable Capital

An open-ended collective investment vehicle, similar to a unit trust. As with unit trusts, the money invested by savers is pooled, and then invested in the markets by professional fund managers appointed by the ICVC. The advantage to savers is that by putting their savings together with savings of other individuals, they get the benefits of diversification, and also of professional fund management. The difference between an ICVC and a unit trust is that an ICVC is a company rather than a trust. If you put savings into it, you have shares, not units. Also, an ICVC has just one price, whether you are buying or selling shares in it, with charges shown separately.


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