A person whose business is to appraise or set a value upon property. … [Read more...] about VALUER
VALVASORS, OR VIDAMES
An obsolete title of dignity next to a peer. 2 Inst. 667; 2 Steph. Comm. 612. Vana est ilia potentia quss nunquam venit in actnm. 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 eadunt in eonstantem virom. Those are to be regarded as idle fears which do not affect a steady [firm or … [Read more...] about VALVASORS, OR VIDAMES
VALI
An act, deed, will, and the like, which has received all the formalities required by law, is said to be valid or good in law. … [Read more...] about VALI
VALUED POLICY
A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss. … [Read more...] about VALUED POLICY
VALID
Proper. Legitimate. Acceptable. Legal. Of binding force. A deed, will, or other instrument, which has received all the formalities required by law, is said to be valid … [Read more...] about VALID