a valid document or agreement is legally acceptable, often for a fixed period of time:
• The court ruled that the firm's patent is valid and enforceable.
• Investors with valid claims against the company could receive payments within a few months.
• The voucher is valid for 12 months.
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valid UK US /ˈvælɪd/ adjective
► a valid ticket, document, agreement, etc. is legal and can be officially accepted, usually for a particular period of time: »
Is this ticket still valid?
»A credit card is not usually accepted as a valid form of I.D.
»Applicants must be in possession of a valid passport.
valid for 6 months, a year, etc. »Permits are valid for a year.
»The court decided shareholders had a valid claim against the Chairman for his part in the company's downfall.
► IT valid data or details are accepted by a computer system because they are correct
► that can be accepted as being true or reasonable: »
The points she made were perfectly valid.
validly adverb
► »
Make sure that your company documents have been validly signed.
Financial and business terms. 2012.