Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance

VALUE ADDED STATEMENT

Financial statement showing wealth that has been created by the enterprise in an accounting period.

VALUE FOR MONEY AUDIT

Independent audit of a non-profit organization to determine it is using its money efficiently and effectively. Also known as value for money analysis.

VALUED

Agreement made by an insurance company to pay a pre-determined amount for a loss.

VARIABLE

A number, feature or quantity that can increase or decrease with time.

VERTICAL MARKET

Market for services and goods is confined to a narrow customer base though most customers can use the product.

VETOING STOCK

Holder can veto corporate decisions but not board of director elections.

VIRAL MARKETING

Explosive sales growth or spread of information by customer referrals.

VISIONING

Mental process where images of goals are used to motivate present action.

WAGE RATE

Pay rate based on units produced or time of working.

WAREHOUSE RETAILING

Mass detailing of goods by a store offering little customer service but low prices.

WEB DESIGN

Describes all of the tasks needed to create an HTML driven web page to be displayed on the WWW.

WET LOAN

Mortgage arrangement where settlement occurs simultaneously with document signing.

WHOLESALE BANKING

1. Banking services offered to government agencies, pension funds and corporations with sound income statements and strong balance sheets only. 2. Lending and borrowing between banks.

WINSORIZED MEAN

Measurement to estimate the mean with a lower dependence on outlying values.

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