Category: V

Way of identifying inadequate security measures that can give rise to technical weaknesses.

When distressed assets of uncertain worth are sold at a deep discount. Refer to fire sale and vulture fund.

A party that invests in distressed assets. AKA distressed fund.

Derogatory term for mutual funds invested in property’s at liquidation prices and who will make a killing when it is sold later.

Internal system of financial control for payments and cash relying on vouchers to establish transactions, amounts paid, ledger name where it will be recorded.

The Gallic ing one who has warranted lands, by the par- n ty warranted, to come and defend the suit for him. Co. Litt. 1016. Vox emissa volat; lit era scripta ma- net. The spoken word flies; the written letter remains. Broom, Max. 606.

In Scotch practice. An emphatic or essential word. 2 Alis. Crim. Pr. 280.

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

Marine policy of insurance covering one trip and only the cargo on the trip.

Seaweed. It is used in great quantities by the inhabitants of Jersey and Guernsey for manure, and also for fuel by the poorer classes. VS. An abbreviation for versus, (against,) constantly used in legal proceedings, aud especially in entitling cases. Vulgaris opinio est duplex, viz., orta inter graves et discretos, quae multum veritatis habet, et opinio orta inter leves et vulgares homines absque specie veritatis. 4 Coke, 107. Common opinion is of two kinds, viz., that which arises among grave and discreet men, which has much truth in it, and that which arises among light and common men, without auy appearance of truth.