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

VALUATION METHOD

use by an adjuster to determine loss occurrence and putting a monetary value to a claim.

USANCE BILL

Bill of exchange drawn on a governed term of usage in trade or between involved countries.

VACANCY FACTOR

Gross loss of income from an untenanted property available for lease.

VALUE ANALYSIS

1. Manufacturing. Analysis identifying and selecting alternatives with best value for materials, design, systems and processes. Also known as value engineering. 2. Purchasing. Replacing items with more cost effective items. Also known

VALUE FOR MONEY AUDIT

Independent audit of a non-profit organization to determine it is using its money efficiently and effectively. Also known as value for money analysis.

VALIDATE

1. General. Making something effective and legal. 2. Accounting. Confirm or attest to a financial item. 3. Decision making. Establish a decisions worth.

UTILITIES EXPENSE

Cost of using utilities like water, electricity. Found on financial statements.

VALUE INVESTING

Strategy of investment where shares that appear cheap, trading at less than true value, are bought. See growth investing.

VA LOAN

Mortgage loan available to veterans of US Armed Forces.

VALUE DATING

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

VALUE OF INFORMATION

Maximum price to pay for knowing an uncertainty’s value before a course of action is decided.

VALUE DRIVERS

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

VALUATION CLAUSE

Provision of an durance policy where the insured and insurer have agreed on the value of goods.

VALUE SYSTEM

Coherent set of values used by a person, society or organization as standard guiding behavior in situations.

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.

VALUE AVERAGING

Strategy of investment where securities are purchased regularly in increasing amounts when the market drops and decreases if it rises.

VALUE MANAGEMENT

Applying value analysis to improve effectiveness and efficiency of business.

VAPOR

Gaseous form of a solid or liquid.

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