Provision of an durance policy where the insured and insurer have agreed on the value of goods.
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VALUATION DATE
Day that an estimator’s value will apply. Also known as appraisal date .
VALUATION LIST
In English law . A list of all the ratable hereditaments in a parish, showing the names of the occupier, the owner, the property, the extent of the property, the […]
VALUATION METHOD
use by an adjuster to determine loss occurrence and putting a monetary value to a claim.
VALUATION PROCEDURE
Steps in arriving at a valuation. Also known as appraisal procedure .
VALUE
The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists “value in use;” or its worth consisting in the power […]
VALUE ADDED
1. Accounting. Alternate term for Gross income . 2. Economics. Difference of sales revenue and costs to produce. See economic value. 3. Marketing. Creating an advantage over the competition by […]
VALUE ADDED ACTIVITY
Generating a positive return on resource investment that can’t be stopped without process impairment.
VALUE ADDED COST
Resources used to enhance value of goods and services.
VALUE ADDED INTERNETWORK
Network that has had value added in client/server co putting based on protocols of internet use.
VALUE ADDED NETWORK
Network of data communications using dedicated secure lines where detection of errors, access to database, capacity for storing large data quantities, protocol conversion and similar features have been included.
VALUE ADDED PRINCIPAL (VAP)
Finance. Current value of set of expected cash flows is equal total of all individual values.
VALUE ADDED RESELLER (VAR)
Retailer who augments, assembles or repackages services and goods to biter suit needs of the buyer.
VALUE ADDED STATEMENT
Financial statement showing wealth that has been created by the enterprise in an accounting period .
VALUE ADDED TAX (VAT)
An indirect tax placed on goods and services paid by producers and consumers. This tax is added at each manufacturing stage adding value. Refer to ad valorem.
VALUE ADDED WORK
Actions that increase output generation is more valuable than the inputs used to create it.
VALUE ADDING PROCESS
Activities in quality control transforming input to output valuable to customers.
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 […]
VALUE AT RISK (VAR)
Largest loss to be possibly suffered to a portfolio over a period of time, say 10 days of a given level of probability .
VALUE AVERAGING
Strategy of investment where securities are purchased regularly in increasing amounts when the market drops and decreases if it rises.
VALUE BASED MANAGEMENT
Identifying factors that can destroy or create value and to maximize value to the shareholder .
VALUE BASED PLANNING
Plan based on creating value of strategies measured by flow of cash.
VALUE BASED PRICING
Method of pricing based on a goods perceived worth.
VALUE BILLING
Charges for a service not based on time taken but on the price of the service.
VALUE CASH
the worth of an item in money, its value, saleable value, fair value. See value, fair; fair and reasonable market value .