Oxford Business English Dictionary for Learners of English

1 [U,c] how much sth is worth in money or other goods for which it can be exchanged: Share values have fallen by 20% in the last year, о Investments could increase in value by about 5% per year, о Some people have put a value of $2 billion on the company, о creating value for investors

О to decrease/drop/fall/halve in value ♦ to double/go up/increase/rise in value ♦ the current/long-term/ potential/present/short-term value of sth ♦ a high/ low value ♦ to place/put/set a value on sth

2 [u] (especially ВгЁ) how much sth is worth compared with its price: Our printers represent excellent value when compared with similar products, о Consumers are looking for the service that offers the best value for money.

О bad/exc?llen t/good/poor value ♦ to give/offer/ provide/represent value

3 values [pi.] beliefs about what is right and wrong and what is important in life: The document lists the eight core values on which company policy is based.

common/cultural/family/shared/social values

adjective [only before noun]

(about a product) produced and sold cheaply: We have over a thousand items in our value range of toiletries.

verb [+ obj]

to decide how much money sth is worth: The company has been valued at over 2 billion.

to think that sb/sth is important: I value him as a friend as well as a colleague, о The metal is valued for its lightness and strength, о valued customers/ employees

,value 'added noun, adjective

noun [u]

(Economics) the amount by which the value of a product increases at each stage of the production process, not including the cost of the basic materials: In many rural areas, output per head and value added will be lower. rsvn| added value

{Marketing) the extra value that a company adds to a basic product or service, for example by adding extra features, before it is sold to the consumer: a

* variation /veari'eijn; AmE 'ver-/ noun [C,u]

a change, especially in the amount or level of sth; a difference: Results showed wide variations in the

a form of sth that is slightly different from or newer than the original thing: the latest version of the software package

1 a car, bus, lorry/truck, etc: The company is renewing its fleet of vehicles.

a commercial/delivery/(heavy) goods vehicle ♦ vehicle makers/manufacturers/producers ♦ to hire/ lease a vehicle

2 something that can be used as a way of achieving sth or to express your ideas or feelings : The intranet provides a vehicle for teams to share information and knowledge.

ve.locity off circu lationnoun [sing ] (Economics) the average number of times that a unit of money is passed from person to person in an economy in a particular period of time: The money supply has been rising rapidly with falling velocity of circulation over the last three years.

vendee /.ven'di:/ noun [c] (Law) a person who is buying a house or other property -» BUYER

vender = vendor

vending /'vendirj/ noun [u] (Commerce) the activity of selling small items, especially food or drink, from a stall or a machine: Our vending service operates over 50 machines around the campus.

vending ma,chinenoun [c] a machine from which you can buy cigarettes, drinks, etc. by putting coins into it

★ vendor (AmE spelling also vender) /'venda(r)/ noun [c] (formal)