Legal Term Dictionary

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  • VALUATION
    The act of ascertaining the worth of a thing. The estimated worth of a thing. See Lowenstein v. Schiffer, 38 App. Div. 178, 56 N. Y. Supp. 674; State v. Central Pac. R. Co., 7 Nev. 104; Sergeant v. Dwyer, 44 Minn. 300, 46 N. W. 444.
  • 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 gross estimated rental, and the ratable value; prepared by the overseers of each- parish in a union under section 14 of More...
  • 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 power1 of purchasing other objects, called •*value In exchange." Also the estimated or appraised worth of any object of property, calculated More...
  • VALUED POLICY
    A policy is called "valued," when the parties, having agreed upon the value of the interest insured, in order to save the necessity of further proof have inserted the valuation in the policy, in the nature of liquidated damages. 1 Duer, Ins. 97.
  • VALUER
    A person whose business is to appraise or set a value upon property.
  • VALVASORS, OR VIDAMES
    An obsolete title of dignity next to a peer. 2 Inst. 667; 2 Steph. Comm. 612. Vana est ilia potentia quss nunqnam venit in aotnm. That power is vain [idle or useless] which never comes into action, [which is never exercised.] 2 Coke, 51. Vani timores sunt asstimandl, qui non More...
  • VANTARIUS
    L. Lat. In old records. A fore-footman. Spelman; Cowell.
  • VARA
    A Spanish-American measure of length, equal to 33 English inches or a trifle more or less, varying according to local usage. See U. S. v. Perot, 98 U. S. 428, 25 L. •Ed 251.
  • VARDA
    In old Scotch law. Ward; custody; guardianship. Answering to "warda," in old English law. Spelman.
  • VARENNA
    In old Scotch law. A warren. Answering to "warenna," in old English law. Spelman.
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