The vagueness doctrine is a Constitutional requirement criminal laws must explicitly state and define what conduct is prohibited and punishable. Under the vagueness doctrine, a criminal law cannot be too obscure for the average American citizen to understand and follow.
A variance is an officially granted exception to a zoning ordinance. Such exceptions may be granted on a case-by-case basis for some persuasive reason shown. See: real property
A variance is also the difference between two statements or other pieces of evidence that usually would be expected to indicate the same thing.
Verbatim means to use exactly the same words as another; usually when transcribing, quoting, or recording the original material word for word, such as making a verbatim transcript in a proceeding.
[Last reviewed in May of 2022 by the Wex Definitions Team]
The term vested describes a right, interest, or title that is absolute, fixed, and not subject to being taken away or “divested.” When a right is vested, the person with the right has a guaranteed legal claim or entitlement that can be enforced now, in the future, or both.
Vestigial words are words and phrases that technically appear in the text of older statutes but no longer have any meaning or significance because more recent amendments or statutes have eliminated their effect or what the words/phrases represent no longer exist. For example, in Wigginton v.
Viz. is a Latin abbreviation of videlicet, meaning "that is to say."
The term viz is sometimes used to mean any of the following: "namely," "that is to say," "as follows," or "to wit." After making a statement, a comma may be added, followed by viz., followed by more specific statements to illustrate the original point. A colon or comma usually separates viz. from the more specific statements.
Viz. is a Latin abbreviation of videlicet, meaning "that is to say."
The term viz is sometimes used to mean any of the following: "namely," "that is to say," "as follows," or "to wit." After making a statement, a comma may be added, followed by viz., followed by more specific statements to illustrate the original point. A colon or comma usually separates viz. from the more specific statements.
The Volcker Rule refers to a broad set of rules adopted under Dodd-Frank Title VI that attempts to reduce risk within banking institutions, stemming from mixing investment banking and commercial banking. The Volcker Rule consists of two major parts: rule preventing banking institutions from partaking in proprietary trading from their own funds and limiting banking institutions from investing in hedge funds or private equity funds.
The waiting period is the stage in the initial public offering (IPO) process after the issuer files their registration statement with the Securities and Exchange Commission (SEC) and waits for the SEC to declare their registration statement effective.
Warrantless means that government officers carry out a search or arrest without a warrant or any other legal authorization. The requirement of a warrant serves to protect individuals’ privacy interests against unreasonable governmental intrusion.
