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Transportation and Business Terms

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1. vehicle-mile: A measurement of the total miles traveled by all vehicles in an area. Generally applies to intercity movements only.

2. venture capital: An investment in a start-up business that is perceived to have excellent growth prospects but does not have access to capital markets. Type of financing sought by early-stage companies seeking to grow rapidly.

3. vest: Become applicable or exercisable. A term mainly used on the context of employee stock ownership or option programs. Employees might be given equity in a firm but they must stay with the firm for a number of years before they are entitled to the full equity. This is a vesting provision. It provides incentive for the employee to perform.

4. vesting schedule: Schedule setting forth when, and to what extent, options become exercisable or restricted stock or stock units are no longer subject to forfeiture (for example, 20% per year over five years).

5. vesting: In law vesting is to give an immediately secured right of present or future enjoyment. Basically that means being able to take full advantages of the asset in which one is vested. Typically this term is used in conjunction with a retirement plan such as a 401k or pension plan. Vesting provisions also apply to employee stock options. Once a person is vested the employer cannot forfeit their right t...
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6. voting rights: The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors.

7. voting stock: The shares in a corporation that entitle the shareholder to vote.

  
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