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

Category: V

VIRAL MARKETING

Explosive sales growth or spread of information by customer referrals.

VISIONING

Mental process where images of goals are used to motivate present action.

VALUE ADDED WORK

Actions that increase output generation is more valuable than the inputs used to create it.

VARIABLE PAY

Compensation that needs to be earned every month to be paid, commission and not monthly wages.

VERTICAL MARKET SYSTEM (VMS)

Formal or informal distribution where members work together for best efficiency and economies of scale and eliminate conflict in channels of distribution.

VETTING

Formal examination prior to grant of approval.

VISUAL ANALYSIS

Observing the features and arriving at a general estimation. Also known as visual inspection.

VOICEMAIL

Spoken message left in a ‘mailbox’ of the person being called.

VOSTRO ACCOUNT

Account in local currency held by a coal bank for a foreign bank.

VALENCE

Positive or negative psychological value assigned by one person to another, event, job, outcome etc., based on its attractiveness to him.

VALUE INVESTING

Strategy of investment where shares that appear cheap, trading at less than true value, are bought. See growth investing.

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.