Mean Value
/ˈmiːn ˈvæljuː/
Definitions
- (n.) The intermediate or average value derived from a set of numerical or legal data; often used to establish standards or thresholds in legal analysis.
The court relied on the mean value of the damages assessed to determine a fair compensation.
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Commentary
In legal contexts, mean value is frequently used in evidentiary and financial assessments to ensure equitable outcomes or regulatory compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.