Vicarious Liability

Posted on

Having legal responsibility for the actions of another, e.g. the liabilty of an organisation for the actions of its employees.

Vigorish

Posted on

A slang term, also abbreviated to vig, for the commission or fee charged by a bookmaker or casino on a wager. Also the interest on a loan from a loan shark or unregulated loan provider. The term is Yiddish (Jewish) deriving from the Russian word vyigrysh, meaning winnings.

Viral Marketing

Posted on

Also known as Word Of Mouth. An advertising and marketing technique which encourages people to pass on information about a product, etc., often by e-mail or from one Internet website to another.

Virtual Memory

Posted on

On a computer, a technique of simulating additional memory by moving data between the computers memory and a hard disk.

Virus

Posted on

A computer program with a hidden code, designed to infect a computer without the owners knowledge, and which causes harm to the computer or destroys data, etc.

Vocation

Posted on

An occupation for which a person is strongly suited and/or to which they are dedicated.

Vocational

Posted on

Relating to an occupation for which a person has undergone special training or has special skills.

Void

Posted on

A contract, agreement, document, etc., which is no longer valid or legal.