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

VALUED

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

VALUED ENVIRONMENTAL ATTRIBUTE

Important part of an ecosystem, welfare of the environment, health of a person that cab at risk from behavior and natural events.

VALUED POLICY LAW

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

VALUE-IN-USE

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

VALUES

Important ideal or belief shared be members about what is good and what is not about a culture. See value.

VALUES, ATTITUDES, AND LIFESTYLES SYSTEM (VALS-2)

Proprietary psychographic consumer segmentation system classifying people into 8 groups based on lifestyle. 1. Actualizes, 2, Fulfillers, 3. Achievers, 4. Believers, 5. Strives, 6. Experiencers, 7. Makers, 8. Strugglers.

VALVE

Electromechanical or mechanical device that controls the flow of liquid, gas, slurry, dry loose material. 3 maintypes.1. Isolation, 2. Switching, 3, Control.

VANDALISM

Mindless and malicious harm and injury to another’s property.

VAPOR

Gaseous form of a solid or liquid.

VAPOR BARRIER

Fill, membrane or foil or coated paper with a high resistance to movement of vapors.

VAPOR DENSITY

Weight of a unit volume of vapor or gas that is divided by weight of an equal volume of air.

VAPOR LOCK

Situation where liquid is trapped in pipes and cannot flow as vapor has formed and is blocking the pipe.

VAPOR PRESSURE

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

VARIABLE

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

VARIABLE PAY

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

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