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

Category: Finance

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Unpublished opinion in the investment community about a firm’s possible forthcoming earnings.

WIDE MARKET

Market showing wide spread or substantial profit margins.

WILSHIRE 5000

Index that represents every listed company in the US and is the largest measure of stock market performance.

WORK REQUEST

Authorization for mow work through client/customer negotiations.

WORKING DAY

1. Commerce. A day that is not a legal holiday or a Sunday. 2. Law. A day other than Sunday and a gazette, statutory holiday.

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