The short-period binary VZ Piscium is unusual in that it has a high sp
ace velocity, indicating that it is old, and a high mass ratio, sugges
ting that it is presently evolving into contact with little mass excha
nge having occurred between the components. In this study, we obtained
IUE and visible spectra to investigate Mg II h+k and Ca II H and K em
ission strengths. Both features are found to be strong and variable. F
rom the visible spectra, radial velocities were measured, and a new ma
ss ratio of q = 0.80 was determined. This mass ratio was used in a new
light-curve analysis, and the system was found to be in marginal cont
act, with the secondary component slightly detached. A model with brig
ht (hot) regions on the inner hemisphere of the slightly detached, les
s massive component was found to fit well with the variety of spectros
copic and photometric observations of the system. The masses determine
d for the components are compatible with normal K dwarfs.