Vintage is name for a mortgage backed security that has aged for around 30 years. It can be described as a security with less prepayment and default risk for a trader.

 

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Volatility swap is a forward contract with payments basing on realized volatility. The cash in such cases is settled based on the difference between the realized volatility and volatility strike.

 

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Value stock is a stocks that is traded at a lower price than its fundamentals. You can say that dividends as well as earnings and sales can be called value stocks. The lower price makes the stocks more appealing to value investors.

 

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Volatility is a special measure that describes a degree of variation of trading price for a certain asset in a certain period of time that is defined by the standard deviation and logarithmic returns. Volatility can be measured by these standard deviations just as well as by the difference between returns from the same asset.

Sometimes swings of the prices in the different direction are also called volatility.

 

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