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

Category: Finance

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.

WELFARE

1. Resources and conditions needed for healthy and comfortable living. 2. Government support for members of society who are disadvantaged.

WHITE COLLAR CRIME

Fraud and crime committed by managerial and administrative personnel, professionals and public servants.

WITH RIGHTS

Buying shares where the purchaser has the right o buy more shares in the next share issue.

WORKING FILE

Temporary file of data, drafts, notes etc. Used in analyzing and preparing plans, documents and projects.

WORTH

Measure of the value received, derived satisfaction of a tangible or intangible product.

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.