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

Category: Finance

VALUE STREAM

Activities that are needed to design, produce, provide a service or product with information of materials and flows of worth.

VAPOR LOCK

Situation where liquid is trapped in pipes and cannot flow as vapor has formed and is blocking the pipe.

VELOX

Graphic image on light sensitive paper that is able to be copied photographically, manipulated and then transferred to a plate for printing. Also called Photomechanical Transfer, PMT, and replacing it is Lion

VESTING PERIOD

Period of time an employees needs to work to fully own company shares in a stock option plan.

VIENNA CONVENTION

Treaty that governs international trade defang rights of importers and exporters. Aloes known as UN Convention on Contracts for the International Sale of Goods.

VISION STATEMENT

Inspirational description of what the organization wants to achieve. See mission statement.

VOICE OF THE PROCESS

Statistical data that is generated by quality control measures and indicating stability of the process.

VOLUNTARY REDUNDANCY

Accepting termination of employment by the employer based on terms offered to the employee.

WAGE COMPRESSION

Inequities in wages arising from new employees who want more money than current employees. See wage expansion.

WAR CLAUSE

Releases the insurer from loss liabilities due to an act of war.

WATCH LIST

List of all securities a broker may consider to be the target of irregular trading activities.

WET BASIS

Formula where the weight of an article wet is divided by weight of an article dry and multiplied by 100 giving a % weight increase.

WILDCARD

Symbol or character replacing characters in search commands.

WINDSTORM

Wind that causes damages to property insured.

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