A process where employees gain ownership over employer contributions to their retirement account. Vesting is determined by years of service with the company.

A real estate loan where the interest rate is not fixed. The initial interest rate is often lower to that offered by a fixed rate mortgage, but the interest rate adjusts periodically and may go up or down, depending on the economic climate.

A life insurance policy that provides a death benefit and a separate investment account, called the cash value. The value of the policy depends on the value of the securities held in the investment account.