Valoren Number

A Valoren number (sometimes written “valor” or “VALOR”) is the numeric identifier assigned to financial instruments in Switzerland and Liechtenstein. It is a purely…

Va Loan

A VA loan is a mortgage option guaranteed by the U.S. Department of Veterans Affairs (VA) and offered by private lenders (banks, credit unions,…

Validation Code

• A validation code (CVV, CVV2, CV2, CVC) is a 3- or 4-digit number printed on a payment card to help verify that the…

Vacancy Rate

A vacancy rate is the percentage of all available units in a rental property (for example, an apartment building, hotel, or office tower) that…

Utxo Model

The UTXO (unspent transaction output) model is a way blockchains record and track ownership of cryptocurrency. Instead of maintaining account balances, the ledger records…

Utilization Fee

A utilization fee (also called a usage fee) is a periodic charge some lenders impose when a borrower’s outstanding balance exceeds—or in certain contracts,…

Utility

Utility is an economic concept that describes the satisfaction, usefulness, or benefit a consumer receives from consuming a good or service. Although “utility” cannot…

Utility Revenue Bond

• A utility revenue bond (also called an essential service bond) is a municipal revenue bond used to finance a public utility or other…

Utility Patent

A utility patent protects a new and useful process, machine, manufacture, composition of matter, or any useful improvement of these. It gives the patent…

Usury

Usury is the practice of charging interest on a loan that is unreasonably high or higher than the maximum rate permitted by law. The…