Oxford Business English Dictionary for Learners of English

a vacant lot/property/room/seat ♦ to become/be left/remain vacant

.vacant possession noun [u] (BrE)(Property) if a house, flat/apartment, etc. is offered for sale with vacant possession, there will be no one living in it when the sale is complete

vacate /va'keit; vei'k-; AmE also 'veikeit/ verb [+ obj] (formal)

(HR) to leave a job, position of authority, etc. so that it is available for sb else: She has taken over the role vacated by her boss. See note at resign

to leave a building, seat, etc., especially so that sb else can use it: Guests are requested to vacate their rooms by noon on their day of departure.

vacation /va'keijn; vei'k-/ noun

[u,C] (AmE) a holiday or a period when people are not working: You look tired—you should take a vacation, о I'm on vacation next week, о The job includes four weeks'paid vacation.

[c] in the UK, one of the periods of time when universities or courts of law are closed; in the US, one of the periods of time when schools, colleges, universities or courts of law are closed: students looking for vacation work

-> holiday

vacillate /'vasileit/ verb [no obj] if a price, a currency, etc. vacillates, it goes up and down frequently, but only by a small amount each time: the effect of vacillating oil prices

'valet .service /'vaelei; 'vaelit; AmE also vae'lei/ noun [C]

(BrE) a service provided by a hotel in which sb cleans the clothes of the guests

a service which provides sb to park your car for you when you arrive at a hotel, restaurant, etc.

★ valid /'vaelid/ adjective

that is legally or officially acceptable: a valid passport о They have a valid claim for compensation.

The ticket is valid for three months.

(IT) that is accepted by the system: a valid password foppi invalid

-> legitimate (2)

'validly adverb: The contract had been validly drawn up.

validate /'vaelideit/ verb [+ obj]

to check or prove that sth is accurate, true, useful or of an acceptable standard: The purchasing manager validates all invoices, о The product has been validated against safety requirements.

to make sth legally valid: to validate a contract/ credit card

[opp| invalidate

validation /'vaeli'deijn/ noun [u,C] IOPPI INVALIDATION at INVALIDATE validity 592

validity /va'lidati/ noun [u] the state of being legally or officially acceptable: the period of validity of the agreement

valuable /'veeljuabl/ adjective

worth a lot of money: Please leave valuable items in the hotel safe, о We had to sell off valuable assets.

very useful or important: Her experience in Japan made her very valuable to the company.

ioppj worthless

valuables /'vasluablz/ noun [pi.] things that are worth a lot of money, especially small personal things such as jewellery, cameras, etc: Ordinary mail is not suitable for sending money or valuables through the post.

valuation /.vaelju'eijn/ noun [C,U]

see also: inventory valuation, stock valuation

(Finance) a professional judgement about how much money sth is worth; the estimated value of sth: Surveyors carried out a valuation of the property. oAvaluation of almost $1 billion was put on the company, о land valuation

a judgement about how useful or important sth is; the estimated importance of sth: She puts a high valuation on trust between colleagues.

value /'vaeJju:/ noun, adjective, verb

noun

see also: added value, agreed assessed asset book break-up capital etc.

comparison of consumer spending on goods withdifferent amounts of value added Isyni added value 3 (Marketing) the extra features that a product or service has that a customer is willing to pay more for

• adjective [only before noun] value-added

(Marketing) (about products) having extra features added to them that a customer is willing to pay more for: standard lines such as wrapped white bread and value-added products such as wholemeal bread and crispbread

(about a company) using raw materials or parts to produce products of much higher value

2 (about a company) offering extra or special services in a particular commercial area

.value-added .manufacturing noun [u] the production of goods in which processes increase the value of the materials used and the price that they can be sold for: high/low value- added manufacturing industries