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

Category: V

VALUE RECEIVED

A term often used in a promissory note meaning that there has been a lawful consideration given for the note.

VIOLATION OF PRIVACY

the interference of a person’s right to privacy by various means such as showing photos in public.

VERDICT DIRECTED

the name that is given to the verdict that is directed by the judge to the jury.

VOLSTEAD ACT

the name of the 18th Amendment that prohibits the general sale of liquor and was repealed in 1933.

VERDICT OF NO CAUSE OF ACTION

a verdict that is in the defendant’s favour on grounds that the plaintiff does not have aright to bring a charge against him.

VINDICATION

a term that applies to the clause or clauses in a law that prescribe the penalties for various violations.

VOLUNTARY ABANDONMENT

the term given to the act of leaving a person with no good reason to and without their consent to leave.

VERDICT PARTIAL

The verdict where a defendant is found guilty of some of the charges against him but not of all of then accusations.

VINDICATORY

a term given to the clauses in laws that prescribe the penalties for violations of the laws.

VALUATION CHARGE

Additional charge for insurance placed on a shipper whose cargo has a greater value than he is insured to carry.

VALUES

Important ideal or belief shared be members about what is good and what is not about a culture. See value.

VARIATION

Change of output or result that becomes inevitable over time as systems will always vary.

VENTURE PLAN

Plan written by an entrepreneur showing how they manage and direct a new business to get to certain goals.

VERTICAL SPREAD

Option strategy where a put or call option purchase will match one sold of the same class and date of expiry. Also known as perpendicular or price spread.

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