A specially shaped piece of ceramic tile used at the edge of a counter to trap liquids. …
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V
V-Cap
VA Loan
A loan through the Veterans Administration program, which allows most veterans to purchase a house without a down payment. …
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Valley
The angled intersection between two roof planes where water collects and runs off the roof. Valleys are often protected with special metal flashing because they must handle heavy water flow without leaking. …
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Valuation
The estimated worth or price. The act of valuation by appraisal. …
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Vapor Barrier
A material such as plastic that prevents the passage of moisture. …
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Vara
Unit of length (the "Spanish yard") used in the southwest. The vara is used throughout the Spanish speaking world and has values around 33 inches, depending on locale. The legal value in Texas was set to 33 1/3 inches early this century. …
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Variable Interest Rate
A loan rate that moves up and down based on factors including changes in the rate paid on bank certificates of deposit or Treasury bills. …
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Variable Rate
An interest rate that changes with fluctuations in such indexes as the U.S. Treasury bill index. …
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Variable Rate Mortgage (VRM)
A loan with an interest rate that hinges on factors such as the rate paid on bank certificates and Treasury bills.
A mortgage where the interest rate varies during the term of the mortgage, usually based on the prime bank rate or the GIC rate of the lender. …
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Vaulted Ceiling
An elongated half-cylinder that arches above the floor. …
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