The Law Dictionary

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

Category: V

VALUE DATING

Value or credit is given to bank to bank funds transfers.

VALUE RECOVERY PROVISION

1 of the 4 criteria for capitalization laid down by the US Financial Accounting Standards Board, FASB, to classify leases that can’t be cancelled.

VAPOR

Gaseous form of a solid or liquid.

VENN DIAGRAM

Mapping diagram of overlapping circles showing the relationship between items.

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.

VESTING

Process where the authority privilege or right to interest or asset unconditionally passes to a body.

VICTIMIZATION

Unwarranted singly out of one person from a group and subjected to unfair treatment and other wrongs.

VISAED

Verified document by consul of one country in another country.

VOYAGE POLICY

Marine policy of insurance covering one trip and only the cargo on the trip.

VALUE ADDED NETWORK

Network of data communications using dedicated secure lines where detection of errors, access to database, capacity for storing large data quantities, protocol conversion and similar features have been included.

VALUE DRIVERS

Increasing the value of a product by improving the perception of the product.

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