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- Vacancy
- The number of units or space of a specific commercial type that is vacant and available for occupancy at a particular point in time within a given market. It is usually expressed as a vacancy rate.
- Vacancy and Credit Losses
- Income lost due to vacancies and/or tenants defaulting on lease payments.
- Vacancy rate
- The percentage of the total supply of units or space of a specific commercial type that is vacant and available for occupancy at a particular point in time within a given market. It is calculated by dividing vacant space by total space.
- Variable interest rate
- A loan rate that adjusts up and down based on factors such as changes in the rate paid on bank certificates of deposit or Treasury bills.
- Variable rate
- An interest rate that changes with fluctuations in such indexes as the U.S. Treasury bill index.
- Variable rate mortgage
- A loan with an interest rate that hinges on factors such as the rate paid on bank certificates and Treasury bills.
- Voluntary lien
- A lien that a homeowner willingly acquires (i.e. mortgage loan)
Some definitions come from the Certified Commercial Investment Member Institute (CCIM).
