High Quality Content by WIKIPEDIA articles! A vice president (British English - government: vice-president; business: director) is an officer in government or business who is below a president (managing director) in rank. The name comes from the Latin vice meaning `in place of`. In some countries, the vice president is called the deputy president. A common colloquial term for the office is vee-pee, deriving from a phonetic interpretation of the abbreviation VP.