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Category: V

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.

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.

VENN DIAGRAM

Mapping diagram of overlapping circles showing the relationship between items.

VIATICAL SETTLEMENT

Settlement where an insurer pays a part of death benefits covering a person with a terminal illness.

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