Glossary

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VA

The Veterans Administration, a federal agency which guarantees loans made to qualified veterans on approved property.

variable rate

An interest rate that changes periodically in relation to an index. Payments may increase or decrease accordingly.

variance

An exception to a zoning ordinance, usually granted by a local government.

void

Having no legal force or effect; legally invalid.

voidable

A contract which appears valid and enforceable on the surface, but may be declared invalid by one of the parties, such as a contract entered into by a minor.

These terms and their presence on this site are not intended as, nor should they be used as, legal advice. You should always obtain advice from a licensed attorney for all legal matters.