Business Dictionary :
Valid, Validate, Validation and Validity





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Valid : adjective :


(a) which is acceptable because it is true

• That is not a valid argument or excuse.



(b) Which can be used lawfully

• The contract is not valid if it has not been witnessed.

• Ticket which is valid for three months will be cancelled next week.

• He was carrying a valid passport.



Validate : verb :

(a) to check to see if something is correct

• The document was validated by the bank.



(b) to make something valid


Validation : noun : act of making something valid

NOTE : no plural


Validity : noun : being valid


Period of Validity = length of time for which a document is valid

NOTE : no plural


Valorem : phrase = Ad Valorem

showing that a tax is calculated according to the value of the goods taxed

• Ad Valorem Duty

• Ad Valorem Tax



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