V

This phrase is usually employed in a bill of exchange or promissory note, to denote that a consideration has been given for it. 2. The expression value received, when put in a bill of exchange, will bear two interpretations: the drawer of the bill may be presumed to acknowledge the fact that he has received value of the payee; or when the bill has been made payable to the order … [Read more...] about VALUE RECEIVED

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

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

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

A person whose business is to appraise or set a value upon property. … [Read more...] about VALUER