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

Category: V

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.

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.

VIRTUAL

1. General. Having the properties of a thing but being the thing. 2. Computing. An operation or feature appearing to exist but it does not.

VISUAL BASIC

Microsoft designed programming language interface allowing programmers to modify Basic Code.

VOTING RIGHT

Delegable right of a common share holder to vote in decision making processes and to select board members.

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.

VENT FOR SURPLUS

Adam Smith theory proposing that greater economic resources are used in international trade than through national trade.

VERTICAL PORTAL

Web site serving as the point of entry to a niche market, area of interest or subject of interest. Also known as a mortal. See horizontal portal.

VIRTUAL COMMUNITY

Community dispersed geographically but connected via the web community and internet. Also known as online or web community.

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