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

WALK IN

Term for a hotel guest arriving without a reservation.

VICTIM

Person harmed by criminal acts, attack target.

VOLATILE

Unstable and capable of a high to low variation.

WAITING PERIOD

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

VIRTUAL

1. General. Having the properties of a thing but being the thing. 2. Computing. An operation or feature appearing to exist but it does not.

VOLUNTARY REDUNDANCY

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

USER FRIENDLY

Any equipment or application that is designed to be easily understood and easy to use.

VOLUNTARY SECTOR

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

WALK UP

A 2 to 4 floor building that has no elevator.

W. EDWARDS DEMING

Statistician credit with helping the economy of China to recover after WWII.

WALK

Hotel industry. Taking an arriving guest to another hotel as reserved accommodation is unavailable for a reason.

USER ID

User Identification Device. Unique name given to the user of a database etc.

VALUE ADDED STATEMENT

Financial statement showing wealth that has been created by the enterprise in an accounting period.

VOYAGE CHARTER

Vessel of transport used for a number of trips (voyages). Also known as spot charter. See time charter.

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.

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

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