Legal Definition and Related Resources of Valuation
Meaning of 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 thing bailed or insured is sometimes valued at the time of making the contract, so that, if lost, no dispute may arise as to the amount of the loss. 2 Marsh. Ins. 620; 1 Caines (N. Y.) 80; 2 Caines (N. Y.) 30; Story, Bailm. i§ 253, 254; Park, Ins. 98; Weskett, Ins.; Phil. Ins. See “Policy.”
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You might be interested in these references tools:
Resource | Description |
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Valuation in the Dictionary | Valuation in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Valuation |
Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
Related topics | Valuation in the World Encyclopedia of Law |
Notice
This definition of Valuation is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
Vocabularies (Semantic Web Information)
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Sitemap Index | Sitemap Index, including Taxonomies |
https://legaldictionary.lawin.org/valuation/ | The URI of Valuation (more about URIs) |
Valuation Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Valuation in a way that is easy for anybody to understand: The process of determining the PRESENT VALUE of a BOND based on the current MARKET INTEREST RATE.
Concept of Valuation in the context of Real Property
A short definition of Valuation: The estimating of value. Appraisal.
Concept of Valuation in the context of Real Property
A short definition of Valuation: The estimating of value. Appraisal.
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