Variable Dollar Investments
Definition of "Variable dollar investments"
Financial instruments whose principal and income are not established in advance according to contractual terms set forth in the financial instruments document. Both the principal and income can fluctuate according to the up and down swings in the value of an underlying portfolio. Examples of such investments include stocks, mutual funds, real estate, variable annuities, variable life insurance, and universal variable life insurance.
Popular Insurance Terms
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Mechanism for contractually shifting burdens of a number of pure risks by pooling them. ...
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Coverage in the event that papers of intrinsic value are damaged or destroyed. Coverage is on an all risks basis. Limits of coverage can be quite high; but the insurance company will not ...
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