Valuation
An inspection carried out for the benefit of the mortgage lender to ascertain if a property is a good security for a loan.
Valley
The "V" shaped area of a roof where two sloping roofs meet. Water drains off the roof at the valleys. The intersection of two inclined surfaces.
Valley flashing
Sheet metal that lays in the "V" area of a roof valley.
Valence
The points on an atom to which valences of other elements can bond.
Vapor barrier
A building product installed on exterior walls and ceilings under the drywall and on the warm side of the insulation. It is used to retard the movement of water vapor into walls and prevent condensation within them. Normally, polyethylene plastic sheeting is used.
Valuation fee
- The fee paid by the prospective borrower for the lender's inspection of the property. Normally paid upon loan application.
Veneer Plaster
Calcined gypsum plaster specially formulated to provide specific workability, strength, hardness and abrasion resistance characteristics when applied in thin coats (1/16" to 3/32" nom.) over veneer gypsum base or other approved base. The term thin coat plaster is sometimes used in reference to veneer plaster.
Velvet Construction
Carpet formed by joining the pile, stuffer, and weft yarns with double warp yarns.
Variable rate
An interest rate that will vary over the term of the loan.
Vehicle
The liquid portion of a paint composed mainly of solvents, resins, or oils.
Vent Stack
That part of the soil stack above the highest vent branch.
Veneer
Extremely thin sheets of wood. Also a thin slice of wood or brick or stone covering a framed wall. A thin sheet of material used to cover another surface.
Vapor Retarder
Material used to slow the flow of water vapor through walls and other spaces where this vapor may condense at a lower temperature.
Varnish
A thin sheet of material used to cover another surface.
Veneer Gypsum Base
A gypsum board product designed to serve as the base for the application of gypsum veneer plaster.
Vent
A pipe or duct which allows the flow of air and gasses to the outside. Also, another word for the moving glass part of a window sash, i.e. window vent.
Viscosity
The resistance of a liquid to flow under an applied load or pressure.
Vents, Plumbing
Pipes permitting the waste system to operate under atmospheric pressure. They allow air to enter and leave the system, preventing water in the traps from being siphoned off. If this occurs, sewer gases can enter the building.
Volatile Organic Compounds
Compounds released to the atmosphere as a coating dries.
Vitrification
A process of using high kiln temperatures to fuse the surface of grains of clay products so they are impervious to the passage of water.