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Valet unpacking

Includes the personalized service of putting dishes into cupboards and china cabinets and books onto bookshelves.

Valuation

A limit on a carrier's liability in exchange for different transportation rates. Valuation is not insurance. See Replacement Value Protection.

Valuation Principles

Factors determining the worth of a property.

Value (VAL)

An estimate of a property's worth or the price a buyer would pay for a property based on current market trends.

Van

The truck used for carrying household goods.

Van Line

A motor carrier with local agents that coordinates the movement of Household Goods and Special Products.

Van-Van

Shipment is off-loaded en route from one van to another for various reasons.

Variable Rate Mortgage (VRM)

A fixed-term mortgage with an interest rate that changes with a fluctuating market.

Vendee

The real estate buyer.

Vendor

The real estate seller.

Vendor Take-Back Mortgage

The seller provides all or part of the mortgage financing to sell the property.

Verbal Appraisal

A verbal estimate of the market value of a property. It is followed by a written appraisal.

Verbal Commitment

The verbal acceptance of a contract made under a third-party operation.

Verification of Deposit

A form sent to a financial institution to verify the checking and savings balances of the prospective borrower. The form is then sent back to the lender.

Verification of Employment

A form sent to the prospective borrower's employer for written verification of the employee's salary and length of employment.

Visa

An endorsement made by an authorized representative of one country upon a passport issued by another, permitting the passport holder entry into or transit through the country making the endorsement.