Lat A pledge; security by pledge of property. Coggs v. Bernard, 2 I.d Raym. 913.
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VADUM
In old records, a ford, or wading place. Cowell. VAGABOND 1196 VALUABLE CONSIDERATION
VAGABOND
One that wanders about, and lias no certain dwelling; an idle fellow. Jacob. Vagabonds are described in old English statutes as “such as wake on the night and sleep on […]
VAGRANCY
the status given to a person who travels from place to place, does not work and loiters around with no means of support.
VAGRANT
A wandering, idle person; a strolling or sturdy beggar. A general term, including, in English law , the several classes of idle and disorderly persons , rogues, and vagabonds, and […]
VALE
In Spanish law. A promissory note . White, New Recop. b. 3, tit. 7, c. 5,
VALEC, VALECT, or VADELET
In old English law . A young gentleman; also a servitor or gentleman of the chamber. Cowell.
VALENCE
Positive or negative psychological value assigned by one person to another, event, job, outcome etc., based on its attractiveness to him.
VALENTIA
L. Lat The value or price of anything. VALESHERIA. In old English law . The proving by the kindred of the slain, one on the father’s side, and another on […]
VALET
was anciently a name denoting young gentlemen of rank and family, but afterwards applied to those of lower degree, and is now used for a menial servant, more particularly occupied […]
VALID
Of binding force. A deed, will, or other instrument , which has received all the formalities required by law, is said to be valid.
VALIDATE
1. General. Making something effective and legal. 2. Accounting. Confirm or attest to a financial item. 3. Decision making . Establish a decisions worth.
VALIDATING STATUTE
a law that will correct, add to or alter or delete material from a previous law and makes the amended law valid.
VALIDATION
1. Assessing an action to determine it is complete, correct, implemented and delivering the correct outcome.2. Assessment of the degree that an instrument will measure accurately; technique opt test used […]
VALIDITY
This term Is used to signify legal sufficiency, in contradistinction to mere regularity. “An official sale, an order, judgment, or decree may be regular,
VALIDITY OF A STATUTE
the term relating to the effectiveness of a law as it relates to the constitution .
VALIDITY OF A WILL
the term applied to the legal adequacy and sufficiency of a will that is being contested.
VALLEY PERIOD
Low season of demand for a product.
VALOR BENEFICIORUM
L. Lat. The value of every ecclesiastical benefice and preferment, according to which the first fruits aud tenths are collected and paid. It is commonly called the “king’s books,” by […]
VALOR MARITAGII
Lat. Value of the marriage. In feudal law, the guardian in chivalry had the right of tendering to his infant ward a suitable match, without “dis- paragement,” (inequality,) which, if […]
VALUABLE CONSIDERATION
The distinction between a good and a valuable consideration is that the former consists of blood, or of natural love and affection; as when a man grants an estate to […]
VALUABLE PAPERS AND RECORDS COVERAGE
Coverage protecting valuable and important records and papers of the insured against all risks known.
VALUATION
The act of ascertainiug the worth of a thing. The estimated worth of a thing. See Lowenstein v. Schiller, 38 App. Div. 178, 50 N. Y. Supp. 074; State v. […]
VALUATION ACCOUNT
Account used to offset value changes of a firm’s assets.
VALUATION CHARGE
Additional charge for insurance placed on a shipper whose cargo has a greater value than he is insured to carry.