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

VOTING RIGHT

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

VOYAGE CHARTER

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

WASTEWATER

Used or spent water contain dissolved solids, discharge from homes, industries etc.

VULTURE CAPITAL

Derogatory term used for investment and funding taking in fair advantage of a situation.

WATCH LIST

List of all securities a broker may consider to be the target of irregular trading activities.

WARM SITE

Disaster management term for an alternate business recovery site only partially equipped for business.

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.

WAL-MART

World’s largest discount retailer. Started in 1962 by Samuel Walton.

VOLATILE ORGANIC COMPOUND (VOC)

1. Any hydrocarbon with a vapor pressure equal or greater than0.1mm of Mercury except for ethane and methane. 2. Substance able to evaporate at its temperature of use and causes oxygen to

WARRANTY POLICY

Policy providing assurance that the company’s warranty will stay the same.

VOLUNTARY REDUNDANCY

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

WASTE TREATMENT

Treating waste to remove pollutants and eliminate potential harm to people and the environment.

VAPOR PRESSURE

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

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