VALID -
Being legaly
sufficient, having binding force, and being authorized by law.
VALUE IN
USE - The
true value of an economic good to its owner or user or sometimes
prospective
buyer that is based on the productivity of the economic good to that
specific
individual.
VARIABLE
COSTS - Costs
which change depending on the level of sales. These could include
commissions
for salespeople, sales discounts, etc.
VARIABLE
or FLOATING RATE
- An interest rate that varies with the bank's prime rate.
VOID
- Having no legal
effect.
VOLUME
- An amount
or quantity. The "volume" of a business is the total it sells
over
a period of time.
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