A-Z Glossary

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Value-Added Tax
This is tax assessed on the value added to goods and services as they progress from production to the consumer. It is applied to all commercial activities involving the production and distribution of goods and the provision of services and is charged as a percentage of price.
Office of the Revenue Commissioners (9th Edition) | Revenue Commissioners (6th Edition) | Dept. of Finance (5th Edition) | Revenue (7th Edition)
Variable interest
The rate is not set at the start of the loan but varies as market rates rise or fall. So although your loan repayment can stay the same over the term of the loan, you may have a little extra to pay at the end if the interest rate goes up. You can repay a variable rate loan at any time with no interest penalty.
Financial Regulator (11th Edition)
Voluntary Groups
This is the linkage of independent retailers to a major wholesaler. The retailers adopt a common name and purchase stock from the wholesaler.
Viral Campaign
Marketing phenomenon that facilitates and encourages people to pass along a marketing message.
Bus Éireann (13th Edition)