| Glossary of Export Import Trade Terms Starting with - V |
| Words |
Description |
| VKUJ |
Vishesh Krishi Upaj Yojana, a new scheme introduced in the Foreign Trade Policy (2004-2009) as part of the package for agriculture. |
| Validated Export Licence |
A required document issued by the Indian Government authorizing the export of specific commodities. |
| Value Addition |
Value addition refers to the increment added in the process of manufacture of a particular item, which also becomes part of its price. |
| Value Chain |
A value-added process in a firm to transform raw materials and other inputs to finished goods, which creates value to customers. |
| Value Date |
Date on which a foreign exchange contract is executed, i.e. seller delivers. |
| Value Stocks |
Stocks with low price/book ratios or price/earnings ratios. Historically, value stocks have enjoyed higher average returns than growth stocks (stocks with high price/book or PE ratios) in a variety of countries. |
| Value-Added Tax (VAT) |
A sales tax collected at each stage of production in proportion to the value added during that stage. |
| Variable Costs |
A cost that varies directly with volume and is zero when production is zero. |
| Venture Capital |
An investment in a start-up business that is perceived to have excellent growth prospects but that does not have access to capital markets. |
| Virtual Corporation |
Partnerships so close those two partners become a single firm for all operational purposes. |
| Voluntary Export Restraint (VER) |
One country promises another country to limit its imports; this is often done when the promising country fears increased tariffs or quotas if it does not self-regulate. |
