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From Latin, literally "or not," used in law in reference to an issue that may or may not exist. In this case, the court will consider the culpability vel non of the governor's office in the taxation scandal.
An abbreviation of vel similia, Latin for "or the like," meaning or something similar. I believe he was a baron vel sim. of the region. It's the kind of antique car one might stumble upon in a disused barn vel sim.
See also: vel
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.