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VA LOAN

Mortgage loan available to veterans of US Armed Forces.

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VACANCY

A place which is empty. The term is principally applied to an interruption in the incumbency of an office. The term "vacancy" applies not only to an interregnum in an existing office, but it aptly and fitly describes the condition of an office when it is first created, and has been filled by no incumbent. Walsh v. Comm., 89 Pa. 426, 33 Am. Rep. 771. And see Collins v. State, 8 Ind. 350; People v. Opel. 188 111. 104. 58 N. E. 900; Gormley v. Taylor, 44 Ga. 76.

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VACANCY FACTOR

Gross loss of income from an untenanted property available for lease.

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VACANCY RATE

Percept of all units that can be occupied but are not currently occupied.

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VACANT

a building that does not have any contents or inhabitants.

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VACANT POSSESSION

See POSSESSION.

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VACANT SUCCESSION

See SUCCESSION.

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VACANTIA BONA

Lat. In the civil law. Goods without an owner, or in which no one claims a property; escheated goods. Inst 2, 6, 4; 1 Bl. Comm. 298.

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VACATE

To annul; to cancel or rescind ; to render an act void; as, to vacate an entry of record, or a judgment

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VACATE

1. Surrender possession or occupancy. 2. Make void or invalid.

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VACATING A JUDGMENT

a term that means to cancel or to rescind the court's judgement.

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VACATIO

Lat In the civil law. Exemption ; immunity; privilege; dispensation; exemption from the burden of office. Calvin.

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VACATION

That period of time between the end of one term of court and the beginning of another. See Von Schmidt v. Widber, 99 Cal. 511, 34 Pac. 109; Colliding v. Ridgely, 112 111. 36, 1 N. E. 261, 54 Am. Rep. 204; Brayman v. Whitcomb, 134 Mass. 525; State v. Derkum, 27 Mo. App. 628. Vacation also signifies, in ecclesiastical law, that a church or benefice is vacant; e. g., on tbe death or resignation of the incumbent, until his successor is appointed. 2 Inst. 359; Phillim. Ecc. Law, 495.

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VACATION OF AWARD

the term that means to set aside an arbitration award.

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VACATION PAY EXPENSE

Money for vacation paid to the employee.

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VACATION PAY PAYABLE

Amount of money paid to an employee for vacation time.

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VACATUR

Lat Let it be vacated. In practice, a rule or order by which a proceeding is vacated; a vacating.

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VACATURA

An avoidance of an ecclesiastical benefice. Cowell.

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VACCARIA

In old English law. A dairy-house. Co. Litt 56.

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VACCINATION

Inoculation with vaccine or tbe virus of cowpox as a preventive against the smallpox; frequently made compulsory by statute. See Daniel v. Putnam County, 113 Ga. 570, 38 S. E. 9S0, 54 L. R. A. 292.

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