SIPS Definition

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SIPS is an acronym for Secure Internet Payment Service (e.g., Cybercash).

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VAR is an acronym for Value-Added Reseller (usually of technology products) or, in finance, Value at Risk.

INTERPERIOD EQUITY is a government's obligation to disclose whether current-year revenues were sufficient to pay for current-year benefits, or did current citizens defer payments to future taxpayers, i.e. it refers to whether current-year revenues are sufficient to pay for the services provided that year and whether future taxpayers will be required to assume burdens for services previously provided.

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