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

WAGE COMPRESSION

Inequities in wages arising from new employees who want more money than current employees. See wage expansion.

VOLUNTARY REDUNDANCY

Accepting termination of employment by the employer based on terms offered to the employee.

VOTING STOCK

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

VOLATILE

Unstable and capable of a high to low variation.

VOUCHER

Document confirming an action has occurred.

VOSTRO ACCOUNT

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

VOLUNTARY SECTOR

Part of a not-for profit- segment of the economy where quasipublic institutions are exclude. Such as hospitals.

VOTING RIGHT

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

WAGE RATE

Pay rate based on units produced or time of working.

WAITING PERIOD

Period of time between filing a statement of registration and its effective date.

VULNERABILITY

Degree of people, resources, property, environments are susceptible to be harmed, degrade, destroyed or exposed to hostile factors.

VULTURE CAPITALIST

Derogatory term for an investor whose hidden agenda is to cease control of the firm invested in. See angel investor.

WAGE CURVE

Graph comparing and illustrating unemployment rates with wage rates in the same area.

WAITING TIME

Period in a job where an employee is unable to work because of factors he has no control over.. Also known as allowed time, idle time, downtime.

VOLUNTARY BARGAINING ISSUE

Matter mandated by law and discussed in collective bargaining processes. Also known as Voluntary bargaining subject, permissive bargaining issue.

VOLTAGE

Amount of volts of potential difference of a circuit.

VOICEMAIL

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

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