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V

VALUE INVESTING
The investment style of attempting to buy underpriced stocks that have the potential to perform well and increase in price.


VARIABLE ANNUITY
A type of insurance contract that guarantees future payments to the holder, or annuitant. Capital accumulates tax-free, often through investment in a mutual fund, and is converted to an income stream at a future date (usually retirement). All monies held in the annuity accumulate on a tax-deferred basis.


VOLATILITY
The amount by which the price of a security fluctuates as market conditions change.


VOLUNTARY ACCUMULATION PLAN
A plan to acquire additional shares in a mutual fund on a more or less regular basis, at the discretion of the shareholder.

Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

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spacer Logo TIAA-CREF Brokerage Services, a division of TIAA-CREF Individual & Institutional Services, LLC, member FINRA and SIPC.
Investment products are not FDIC insured, not bank guaranteed, and may lose value.
©2007 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund, New York, NY 10017.