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

Category: Finance

VALUE RECOVERY PROVISION

1 of the 4 criteria for capitalization laid down by the US Financial Accounting Standards Board, FASB, to classify leases that can’t be cancelled.

VAPOR BARRIER

Fill, membrane or foil or coated paper with a high resistance to movement of vapors.

VECTOR GRAPHICS

Computer graphics that are not pictures and unlike raster graphics are represented by mathematical equations as geometric shapes.

VISCOSITY

Internal friction in fluid that retards its flow.

VOLUNTARY BARGAINING ISSUE

Matter mandated by law and discussed in collective bargaining processes. Also known as Voluntary bargaining subject, permissive bargaining issue.

VULTURE CAPITAL

Derogatory term used for investment and funding taking in fair advantage of a situation.

WAL-MART

World’s largest discount retailer. Started in 1962 by Samuel Walton.

WEAK MARKET

Market where buyers are greatly outnumbered by the sellers.

WELL STRUCTURED PROBLEM

Problem where desired and current state is identified clearly and reaching desired state is obvious. See ill structured problem.

WIMAX

Wireless technology providing internet service over larger distances than Wi-Fi___33.

WITHDRAWAL PLAN

Unit trust scheme allowing monthly withdrawals of capital gains in a fixed amount.

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