Value
/ˈvæljuː/
Definitions
- (n.) The monetary worth of an asset, good, or service as determined by the market or appraisal.
The appraiser assessed the value of the house at $500,000.
- (n.) The importance, worth, or usefulness of something in a legal context.
The contract emphasized the value of confidential information.
- (v.) To estimate or assign monetary or qualitative worth to something.
The court valued the damages at $1 million.
Forms
- values
- valued
- valuing
Related terms
See also
Commentary
In legal drafting, ‘value’ may refer to both monetary worth and qualitative importance; clarity is key to avoid ambiguity.
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.