Value

/ˈvæljuː/

Definitions

  1. (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.
  2. (n.) The importance, worth, or usefulness of something in a legal context.
    The contract emphasized the value of confidential information.
  3. (v.) To estimate or assign monetary or qualitative worth to something.
    The court valued the damages at $1 million.

Forms

  • values
  • valued
  • valuing

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.

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