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

Category: Finance

UPSIDE POTENTIAL

Difference in current trading price of a security and the level it is likely to rise up to.

USA PATRIOT ACT

Act passed after September 11 2001 giving law enforcement agencies tool to prevent acts of terror.

UTILITIES EXPENSE

Cost of using utilities like water, electricity. Found on financial statements.

VALUE ADDED

1. Accounting. Alternate term for Gross income. 2. Economics. Difference of sales revenue and costs to produce. See economic value. 3. Marketing. Creating an advantage over the competition by adding more products

VALUE BILLING

Charges for a service not based on time taken but on the price of the service.

VANDALISM

Mindless and malicious harm and injury to another’s property.

VEBLEN EFFECT

Abnormal behavior of a market where higher priced goods are bought even though lower priced substitutes are available.

VERSO

Side of book on the left-hand side with an even page number. Opposite is recto.

VEST

1. Confer right of legal ownership. 2. Confer legal authority, rights, power. 3. Designation of endowment of power, authority, rights.

VICKREY AUCTION

Sealed auction bid where successful bidder pays second top price. Also known as second bid auction, second price auction.

VIS-?

1. In regard to; compared with. 2. French- face to face.

VITRIFICATION

Method of waste disposal using high temperatures to immobilize and encapsulate radioactive and hazardous materials.

VOLTAGE

Amount of volts of potential difference of a circuit.

VULNERABILITY

Degree of people, resources, property, environments are susceptible to be harmed, degrade, destroyed or exposed to hostile factors.

WALLED GARDEN

Environment attractively designed aimed at keeping a captive comfortable and satisfied.

WASH TRADE

Different methodology to wash sale. Not legal as it deals with selling off then rebuying investments to increase trade.

WEIGHTING

Technique where some data is more emphasized than other in a summary or group.

WHISPER NUMBER

Unpublished opinion in the investment community about a firm’s possible forthcoming earnings.

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