Legal Dictionary

Tag: Value

  • Value

    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.…

  • Valuable Consideration

    Valuable Consideration

    It consists either in some right, interest, profit or benefit accruing to the one party or some forebearance, detriment, loss or responsibility given, suffered or undertaken by the other party to a contract. See Consideration.

  • Valuation

    The act of ascertaining the worth of a thing. The estimated worth of a thing. It differs from price, which does not- always afford a true criterion of value; for a thing . may be bought very dear or very clieap. In some contracts, as in the case of bailments or insurances, the […]

  • Valuation

    The act of ascertaining the worth of a thing. The estimated worth of a thing. It differs from price, which does not- always afford a true criterion of value; for a thing . may be bought very dear or very clieap. In some contracts, as in the case of bailments or insurances, the […]

  • Value in Use

    Concept of Value in Use in the context of Real Property Alternatives definitions of Value in Use: (1) The value to a specific owner of a property or improvement. Usually much greater than market value. (2) The value of a property for a specific use. Also called Use Value.

  • Value After the Taking

    Concept of Value After The Taking in the context of Real Property A short definition of Value After The Taking: In the case of a partial taking under eminent domain, the value of the part not taken.

  • Value Before the Taking

    Concept of Value Before The Taking in the context of Real Property A short definition of Value Before The Taking: The market value of a property before condemnation.

  • Value in Place

    Concept of Value in Place in the context of Real Property A short definition of Value in Place: The market value of an improvement in place, as opposed to value in use.

  • Value in Place

    Concept of Value in Place in the context of Real Property A short definition of Value in Place: The market value of an improvement in place, as opposed to value in use.

  • Valuator

    Valuator in the context of Real Property See: Appraiser in this legal Dictionary.