Legal Definition and Related Resources of Value

The utility of an object in direct or indirect relation to the needs or desires of human beings. In this sense it is known as value in use. It also means the power of purchasing other goods or services which the possession of that object conveys, in which sense it is called value in exchange. Frequently, the word value is also used as synonymous for valuable consideration as in the phrase purchaser for value or holder for value.

The utility of an object. The price demanded or accepted as equivalent to the utility of anything. 161 111. 251; 154 111. 662. The worth of an object in purchasing other goods. The value of a thing is what it will produce. The first may be called “value in use;” the latter, “value in exchange.” It is a relative term, depending upon different circumstances, 235 111. 435, and has no fixed criteria. 21 Minn. 322. “Value” differs from “price.” The latter is applied to live cattle and animals. In a declaration, therefore, for taking cattle, they ought to be said to be of such a price; and in a declaration for taking dead chattels, or those which never had life, it ought to lay them to be of such a value. 2 Lilly, Abr. 629.

noun

• advantage
• aestimatio
• amount
• appraisal
• assessment
• benefit
• caliber
• consequence
• cost
• desirability
• effect
• equivalent
• esteem
• estimate
• estimation
• excellence
• expense
• force
• impact
• importance
• merit
• price
• purport
• quality
• quotation
• significance
• substance
• superiority
• use
• usefulness
• utility
• valuation
• worth
• worthiness
• Associated Concepts: acquisition value
• actual cash value
• actual market value
• appraised value
• assessed value
• book value
• cash market value
• cash surrender value
• current market value
• face value
• fair and reasonable value
• fair market value
• fair value
• full cash value
• good faith purchaser for value
• gross value
• highest market value
• holder for value
• instrument of value
• insurable value
• intrinsic value
• market value
• negotiable instrument
• nominal value
• nuisance value
• par value
• pecuniary value
• present value
• probative value
• prospective value
• purchaser for value
• real value
• reasonable value
• relative value
• rental value
• reserve value
• retention value
• substantial value
• sufficient value
• surrender value
• tangible value
• taxable value
• transfer for value
• true value
• value receivedforeign phrases: Libertas non recipit aestimationem
• Freedom does not admit a valuation
• Tantum bona valent
• quantum vendipossunt
• Goods are worth as much as they are sold for
• Res per pecuniam aestimatur
• et non pecunia per rem
• but the value of money is not estimated by reference to property
• Sapientia legis nummariopretio non est aestimanda
• ‘l ha wisdom of the law cannot be computed in money value
• tangible value
• taxable value
• transfer for value
• true value
• value receivedforeign phrases: Libertas non recipit aestimationem
• Freedom does not admit a valuation
• Tantum bona valent
• quantum vendipossunt
• Goods are worth as much as they are sold for
• Res per pecuniam aestimatur
• et non pecunia per rem
• The value of a thing is estimated according to its worth in money
• but the value of money is not estimated by reference to property
• Sapientia legis nummariopretio non est aestimanda
• ‘l ha wisdom of the law cannot be computed in money value

Browse or run a search for Value in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Value in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Value in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Value in the Legal Abbreviations and Acronyms Dictionary.

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Mentioned in these terms

Actual Cash Value, Actuary, Adequate, Adjusted Taxable Income, Amenity, Amount In Controversy, Appraisal, Appraise, Appraiser, Appreciate, Approximate, Assess, Assessed Value Or Valuation:, Assessment, Assessor, Betterment, Betting, Bill Of Lading, Blackmail, Bona Fide, Book Value, Bribery, Capital, Capital Investment, Capitalization, Capricious, , Cash Surrender Value, Cashier’s Check, Certificate Of Stock, Chilling A Sale, Co-insurance, , Commercial Frustration, Comparable, Compensate, Compensation, Constructive Total Loss, Covenant Running With The Land, Damaged, Demonstrative Evidence, Depreciation, Detinue, Discount, Encumbrance, Enhance, Equity, Equivalent, Exchange, Face Value, Failure Of Consideration, Fair Actual Value, , Gaming, Goodwill, Graft, Grand Larceny, Hearsay Evidence, Heriot, Holder In Due Course, Impair, Improvement, Inadequate, Increment, Incumbrance, Indirect Tax, Insurable Interest, Insurance, Inventory, Inverse Condemnation, Just Compensation, Justice Of The Peace, Kiting, Local Assessment, , Lottery, Malice, Maximum, Mechanic’s Lien, Merchantable, Merchantability, Money, Negotiable Instrument, No Par Value, Obscene, Open Insurance Policy, , Par Value, Plottage, Pornographic, Possession, Preponderance, Price, Proceeds, Prospector, Puffing, Rack-rent, Racketeering, Raffle, , Recovery, Rehabilitative Alimony, Rescission, Sale Of Goods, Saleable Value, Salvage Loss, Salvage Value, Satisfaction, Severance Damage, Simple Larceny, Slander Of Property, Sovereign, Special Assessment, Special Purpose Or Use, Special Value, Stake Holder, Stock Dividend, Total Loss, Trading Stamps, True Value Rule.

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This definition of Value is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

Vocabularies (Semantic Web Information)

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Value in Law Enforcement

Main Entry:
Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of value.

Resources

See Also

• Law Enforcement Officer
• Police
• Law Enforcement Agency

Further Reading

• value in A Dictionary of Law Enforcement (Oxford University Press)
• value in the Encyclopedia of Law Enforcement
• A Treatise on the Police of the Metropolis

Value Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Value in a way that is easy for anybody to understand: How much money something is worth.

Present Value Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Present Value in a way that is easy for anybody to understand: CURRENT VALUE of a given future CASH flow stream, discounted at a given rate.

United States Tax Concept of Value

The worth of a thing.

Concept of Value in the context of Real Property

Alternatives definitions of Value: (1) The usefulness of an object. (2) The monetary worth of an object. (3) A shortening of the term valuable consideration, as in a purchaser “for value”.

Concept of Value in the context of Real Property

Alternatives definitions of Value: (1) The usefulness of an object. (2) The monetary worth of an object. (3) A shortening of the term valuable consideration, as in a purchaser “for value”.

Value