Words starting with V

valid identity document

Defined in Elections (Special Provisions) Act 2004, s 4

“means any document issued by the Government of Sri Lanka in pursuance of any law for whatever purpose, with which the identity of the holder may be ascertained, and shall include a photograph of a person who does not possess any other …”

value

Defined in Secured Transactions Act 2009, s 25

“means the value that a person gives where the person acquires the rights— (i) in return for a binding commitment to give credit, whether or not drawn upon; or (ii) as security for, or satisfaction of, a pre-existing claim, in whole or in …”

Also defined in 1 other Act

value of supply

Defined in Telecommunication Levy Act 2011, s 12

“means the gross value of service after deducting the levy chargeable under the provisions of this Act”

variety

Defined in Seed Act 2003, s 22

“means a plant grouping within a single taxon of the lowest rank including transgenies which can be distinctly differentiated from another of the same kind by at feast one characteristic recongnizable with the naked eye and is sufliciently …”

veterinary surgeon

Defined in National Medicines Regulatory Authority Act 2015, s 146

“means a person registered as Veterinary Surgeon or a Veterinary Practitioner under the Veterinary Surgeons’ and Practitioner Act…”

victim

Defined in Anti-Corruption Act 2023, s 162

“means a person who has suffered any injury, harm whether physical or mental, emotional, economic or other loss as a result of an act or omission which constitute an offence under this Act”

Also defined in 1 other Act

victim of crime

Defined in Assistance to and Protection of Victims of Crime and Witnesses Act 2015, s 46

“means a person including a child victim who has suffered any injury, harm, impairment or disability whether physical or mental, emotional, economic or other loss, as a result of an act or omission which constitutes an alleged— (a) offence …”

Also defined in 1 other Act

virtual asset

Defined in Proceeds of Crime Act 2025, s 150

“means a digital representation of value that can be digitally traded or transferred and can be used for payment or investment purposes, but does not include any digital representation of fiat currencies, securities and other financial …”

virtual assets service provider

Defined in Proceeds of Crime Act 2025, s 150

“means any natural person or legal person who conducts one or more of the following activities or operations for, or on behalf of another natural person or legal person:- (a) exchange between virtual assets and fiat currencies; (b) exchange …”

voidable transaction

Defined in Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026, s 2

“means – (a) a voidable preference; (b) a voidable encumbrance; or (c) an alienation with intent, which terms shall have the meanings given to them under sections 412, 413 and 414 respectively”

vote on account

Defined in Public Financial Management Act 2024, s 70

“means an estimate of Government expenditure approved by the Parliament in order to continue the Government services and development activities for a maximum of four months, in the absence of an Appropriation Act.”