The Law Dictionary

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

Category: V

VALUED

Agreement made by an insurance company to pay a pre-determined amount for a loss.

VAPOR PRESSURE

Exerted force of a Fas or vapor that is released by liquids and solids in an enclosed space.

VECTOR

Set of numbers or elements arranged in a table as rows and columns.

VERTICAL SPREAD

Option strategy where a put or call option purchase will match one sold of the same class and date of expiry. Also known as perpendicular or price spread.

VETTING

Formal examination prior to grant of approval.

VIEWTIME

Seconds of time a banner ad can be seen on a web page.

VOLUNTARY WINDING UP

Procedure for liquidation started by management of the firm following a resolution to do so. Term used in UK.

VULTURE FUNDS

Derogatory term for mutual funds invested in property’s at liquidation prices and who will make a killing when it is sold later.

VARIABLE

A number, feature or quantity that can increase or decrease with time.

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