AVC Financial Glossary
What is it? Additional Voluntary Contributions - the contributions you pay as a member of an Occupational Pension Scheme, to that scheme, over and above the normal contribution level in order to purchase additional retirement benefits.Finance Term Definition Added By: Morgan
The AVC definition has been viewed 841 Time(s)!
Send To Friends!
If you'd like to send the AVC definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of AVC. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Finance Terms:
Financial Term EGM is Extraordinary General Meeting. A meeting of shareholders to discuss and approve special matters proposed by the directors, such as approval of a take-over, or major acquisition.Financial Term Gift Tax is A graduated tax assessed against a person who gives money or an asset to another person without receiving fair compensation. A significant amount of each gift is tax-free.
Financial Term Contract to purchase is An arrangement for the sale of real estate whereby the buyer may use, occupy, and enjoy land, but no deed is given by the seller (and no title passes) until all or a specified part of the sale price has been paid. A purchaser who is buying the property by means of a contract to purchase may not consider himself/herself to be the owner since the seller actually has the title. However, for this survey, the purchaser is considered to be the owner. Contract for deed, land contract, purchase agreement, agreement of sale, and assumption agreement are similar terms used frequently in some areas of the country.
Financial Term Oversubscribed is Defines a deal in which investors apply for more shares than are available. Usually a sign that an IPO will open at a substantial premium.
Financial Term Endowment policy is A type of long-term investment plan (usually investing in the stock market), which also includes life insurance cover so that if you die during the plan, your successors get a guaranteed payout. Often used to repay mortgages at the end of their term. The final payout is usually not guaranteed