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

Category: V

VARIABLE PAY

Compensation that needs to be earned every month to be paid, commission and not monthly wages.

VERTICAL MARKET SYSTEM (VMS)

Formal or informal distribution where members work together for best efficiency and economies of scale and eliminate conflict in channels of distribution.

VETTING

Formal examination prior to grant of approval.

VISUAL ANALYSIS

Observing the features and arriving at a general estimation. Also known as visual inspection.

VOICEMAIL

Spoken message left in a ‘mailbox’ of the person being called.

VOSTRO ACCOUNT

Account in local currency held by a coal bank for a foreign bank.

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.

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.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.