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Word: Definition:
VACATED PREMISES Property from which all military personnel and missions have been vacated.
VALID Having force, or binding force; legally sufficient and authorized by law.
VALUATION The act or process of estimating value; the amount of estimated value.
VALUE Ability to command goods, including money, in exchange; the quantity of goods, including money, which should be commanded or received in exchange for the thing valued; utility; desirability.
VARA A Spanish, Portuguese, and Latin American unit of linear measure, varying from 32 to 43 inches. Also a square vara, as a unit of area.
VENDEE A purchaser; a buyer; the person to whom a thing is rendered or sold.
VENDOR The person who transfers Property by sale.
VOID That which is unenforceable; having no force or effect.
VOIDABLE That which is capable of being adjudged void but is not void unless action is taken to make it so.
VOLUNTARY LIEN Any lien placed upon property with consent of, or as a result of, the voluntary act of the owner.