VAT — Value Added Tax. Applies to all EC countries, Switzerland and other countries around the world. A tax on the estimated market value added to any product at each stage of its manufacture or distribution, ultimately passed on to the consumer. The percentage applies to CIF value and duties and the percentage differs from one country to another. Local VAT on forwarding/handling services is not charged between EC companies with a registered VAT number, or to non-EC exhibitors on condition the local forwarder executes Customs clearance and transport.

Vacuum Forming — Technique for molding plastic sheets by heating and drawing sheets in a vacuum press.

Valance — A short overhead, decorative border normally used as a light baffle or screen.

Validated Export License — A document issued by the U.S. Government authorizing the export of commodities for which written export authorization is required by law. Compare GENERAL EXPORT LICENSE.

Velcro — Brand name of hook and loop fastener used to adhere objects to a display. Has two components: hook and fabric. The two components adhere to one another, but may be easily separated and reattached, allowing graphics and other materials to be moved.

Velour — A plush fabric like velvet, used for draperies, upholstery, etc.

Veneer –– Finish product that is applied over a base material, or substrate.

Venue –– Any place that you can conduct a trade show.

Vertical Show — A show in which the products or services being displayed represent one element of an industry or profession. Compare HORIZONTAL SHOW.

Video Formats — 3/4", 1/2" (VHS & BETA), PAL, SECAM; CD, DVD, standard sizes of videotape.

Vinyl — Plastic material used for drapes or tabletops.

Vinyl Tops — Plastic tabletop coverings.

Visitor — An attendee at an exposition. A potential customer.

Visqueen — A type of clear plastic sheeting used to protect carpeting from the time it is laid to the time the show opens. ALSO KNOWN AS POLY

Volume (VOL) — Volume rates or classes are those for which a volume minimum weight (Vol. min. wt.) is provided; charges will be assessed at the volume minimum weight shown in the tariff, except that actual weight will apply when in excess of the volume minimum weight.

Voltage –– The potential difference between any two conductors or between a conductor and a ground.