Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Valuation - Estimated price, value, or worth. Also, the act of identifying a property's worth via an appraisal.

Value - The power of a thing to command other goods in exchange; the present worth of future rights to income and benefits arising from ownership.

Variance - Government authorization to use or develop a property in a manner which is not permitted by the applicable zoning regulations.

Violation - Act, condition, or deed that violates the permissible use of property.

Void - Something that is unenforceable.

Voidable - A situation which is capable of being unenforceable but is not so unless direct action is taken.