There
is a ball inside the valve that has a hole through the center in the same
direction as the handle. When you turn the handle, the hole closes and seals
against the sides of the valve.
Globe Valve is
not the same as a Ball Valve. A
Globe Valve has a disc that closes an opening and can be used to throtle the
flow. A Ball Vavle is as described above. The Globe Vavles usually have a wheel
type valve handle and a ball valve has a lever type handle.