Valid:
Having force, or binding force; legally sufficient and authorized by law.

Valuation:
Estimated worth or price. The act of valuing by appraisal.

Vendee:
A buyer.

Vendee's Lien:
A lien against real property under a land contract to secure a deposit paid by a purchaser.

Vendor:
A seller.

Viatical Settlement:
Enables a terminally ill or elderly person to obtain a lump sum payment from the sale of the person’s life insurance policy to a funding source.

Void:
(1) Having no legal effect; null. (2) To have an instrument or transaction declared void.

Voidable:
That which is capable of being adjudged void, but is not void unless action is taken to make it so.

Voluntary Lien:
A lien intentionally put on real property by the owner.