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

Category: V

VIRTUAL COMMUNITY

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

VISUAL COMMUNICATION

1. Real estate. Property’s net worth perceived by the owner. 2. Expression of information and ideas using visual aids.

VOICEOVER

Phone system feature allowing the operator to get a message to an employee on the phone.

VOTING STOCK

Common shares give the owner the right to vote at the AGM. Also known as voting shares.

VALIDATION

1. Assessing an action to determine it is complete, correct, implemented and delivering the correct outcome.2. Assessment of the degree that an instrument will measure accurately; technique opt test used to predict

VALUE AT RISK (VAR)

Largest loss to be possibly suffered to a portfolio over a period of time, say 10 days of a given level of probability.

VALUE LINE COMPOSITE INDEX

Index of 1700 stocks traded on NASDAQ, AMEX and NYSE stock markets. Stocks are raked on projected price performance and volatility of behavior.

VALUED POLICY LAW

Law stating the insurer has to pay face value of policies on total loss of a building.

VARIABLE RATE DEMAND OBLIGATION (VRDO)

Debt security with floating interest rate adjusted regularly and redeemed when a rate changes. Also known as low floater, variable rate demand note, variable rate demand bond.

VENTURE CAPITAL FIRM

Private, semi-government or government company providing growth equity or start-up capital for venture showing promise of higher returns than market rates of interest.

VIBRATION

Regular oscillation or periodic motion that will repeat after a definite interval.

VIRTUAL NETWORK

Temporary network of point to point connection over phone lines tailored to suit the needs of a customer. See virtual private network.

VISUAL CONTROL

Arrangement of all indicators of activities of a system or process are in plain view of everyone.

VOID CONTRACT

Contract meeting the following; Illegal from time made; violate fairness, law changes, performed fully. See, 7 Ways to Legally Void a Contract

VOUCHER

Document confirming an action has occurred.

VALUE AVERAGING

Strategy of investment where securities are purchased regularly in increasing amounts when the market drops and decreases if it rises.

VALUE MANAGEMENT

Applying value analysis to improve effectiveness and efficiency of business.

VALUE-IN-USE

Accounting. An assets net worth calculated by an estimation of future value and value of disposal if it becomes impaired.

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