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

Category: V

VALUE TRUE

the value of a property if the owner wanted to sell it to a buyer willing to buy it.

VOLUNTARY PAYMENT

1. To willingly pay a debt. 2. Paying an illegal demand such as a bribe when it is asked for.

VEXATIOUS MOTION

a motion proposed in a court to simply delay the action on a dispute not to aid justice.

VESTED REMAINDER

the estate that is granted to a person to be enjoyed by them at a future time when a certain event occurs.

VALUE CLEAR

the value of an estate after all of the claims have been paid.

VETERANS

the name of a federal government agency that administers government benefits to veterans of the US armed forces and their dependents.

VENDETTA

the term that describes the private feud that is often associated with violence and a desire to revenge a wrong.

VALUE FAIR

the value that a seller will sell an item for a and a value the buyer is willing to pay.

VERDICT ESTOPPEL BY

a verdict that is barred as the same issues have already been settled between the same parties in an earlier suit.

VOICE EXEMPLAR

This means to record a person’s voice for the purpose of identification.

VALUE NET

A term in insurance policies when the insurer must keep an amount aside from annual premiums in order to meet his obligations to the insured person.

VALUE CASH

the worth of an item in money, its value, saleable value, fair value. See value, fair; fair and reasonable market value.

VERBAL AGREEMENT

An oral agreement that is reached without anything committed to writing. Also a parol contract. See oral contract; verbal contract.

VALUE RULE

a rule in building contracts where an owner is entitled to the difference in value between what is built and what should have been built.

VERBAL CONTRACT

a contract that is spoken and is not written down. See oral contract; verbal agreement.

VERACITY

a term used to describe the truthfulness or the honesty of a person.

VENEREAL DISEASE

the name that is given to an infection that is transmitted by sexual contact.

VIEW OF PREMISES

a situation where the jury members leave court to see where an accident or crim occurred.

VITAL STATISTICS

the information that is kept on births, deaths. Marriages, divorces, longevity etc that is kept by public authorities for determining public utilities etc.

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