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

Category: Finance

VAULT

A safe and secure area in financial institutions for storing money and valuables.

VICIOUS CIRCLE

Disadvantageous situation that is self propagating and leads from one thing to another and back again. See virtuoso circle.

VIRUS

1. A parasitic and infectious microorganism smaller than a bacterium. Incapable of independent metabolic activity. Needs to invade a living organism to derive energy to survive. 2. See computer virus.

VITIATING FACTOR

Provision, clause or term impairing a contract or making it void or voidable.

VOLT (V)

Metric unit of electrical potential. Equal to the steady flow of one amp current against one ohm of resistance

VOYAGE POLICY

Marine policy of insurance covering one trip and only the cargo on the trip.

WALL TO WALL

Covering a room’s floor or stretching across the room.

WASH SALE RULE

Referring to an IRS regulation governing how capital loss from investments is recognized. Also called wash rule.

WAYBILL

Shipping document travelling with shipment showing consigner and consignee, origin, destination, goods involved, weight and freight.

WEIGHTED AVERAGE

Mean where each item averaged is multiplied by a number based on its importance relative to others. Also known as weighted mean.

WHILE CLAUSES

Clause that stipulates cover is suspended while things are occurring on the property.

WIDE ECONOMIC MOAT

Company’s advantage over its competition able to be exploited for profit over time.

WITH PREJUDICE

Law phrase. (1) a dismissed case cannot be tried again, (2) court order is final. See without prejudice.

WORK PRODUCT

Outcome needed to be produced to finish a project and meet objectives.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.