Value definition: Copy, customize, and use instantly
Introduction
The term "Value" generally refers to the monetary worth or importance of an asset, right, or consideration within a legal or contractual framework. In legal agreements, it often defines how certain assets or liabilities are quantified for purposes of calculation, valuation, or assessment.
Below are various examples of how "Value" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Value" as monetary worth
This definition ties "Value" to the monetary worth of an asset.
"Value" refers to the amount of money that an asset, liability, or right is worth, as determined by an independent valuation or market price at the time of assessment.
Definition of "Value" as market value
This definition connects "Value" to market price.
"Value" means the market value of the asset or property, as determined by the prevailing market conditions or as assessed by a qualified appraiser.
Definition of "Value" as fair market value
This definition applies "Value" to fair market valuation.
"Value" refers to the fair market value, which is the price at which an asset would change hands between a willing buyer and seller in an arm's length transaction.
Definition of "Value" as book value
This definition ties "Value" to book value.
"Value" means the book value of an asset or liability, calculated as the cost of acquisition or historical cost minus depreciation and impairment.
Definition of "Value" as appraised value
This definition connects "Value" to appraised worth.
"Value" refers to the appraised value, which is the estimated worth of an asset or property as determined by a professional appraiser based on relevant criteria.
Definition of "Value" as intrinsic value
This definition links "Value" to intrinsic worth.
"Value" means the intrinsic value of an asset, reflecting its inherent qualities and potential return on investment, independent of market fluctuations.
Definition of "Value" as assessed value
This definition ties "Value" to an assessed worth.
"Value" refers to the assessed value, which is the official valuation of an asset or property for taxation or other legal purposes as determined by an authority or appraiser.
Definition of "Value" as liquidation value
This definition connects "Value" to liquidation worth.
"Value" means the liquidation value, which is the estimated worth of an asset when sold quickly in a distressed situation, typically at a lower price than the market value.
Definition of "Value" as replacement value
This definition applies "Value" to replacement cost.
"Value" refers to the replacement value of an asset, which is the cost to replace an asset with a similar one at current market prices.
Definition of "Value" as present value
This definition ties "Value" to present worth.
"Value" means the present value of future cash flows, determined by discounting those future amounts to the current time using a specified interest rate.
Definition of "Value" as real value
This definition connects "Value" to real worth.
"Value" refers to the real value of an asset, representing its worth based on physical properties, current usage, and potential in the market.
Definition of "Value" as estimated value
This definition links "Value" to estimated worth.
"Value" means the estimated value of an asset, which is a judgment or calculation of its worth based on available data, market trends, or appraisals.
Definition of "Value" as market capitalization
This definition ties "Value" to market cap.
"Value" refers to the market capitalization of a corporation, which is calculated by multiplying the company's outstanding shares by the current market price per share.
Definition of "Value" as nominal value
This definition connects "Value" to nominal worth.
"Value" means the nominal value of a security, which is its face value or the value assigned to it by the issuing entity, not accounting for market fluctuations.
Definition of "Value" as utility value
This definition applies "Value" to utility or usefulness.
"Value" refers to the utility value of an asset, reflecting its usefulness or the benefit it provides to the owner or user rather than its financial worth.
Definition of "Value" as economic value
This definition ties "Value" to economic worth.
"Value" means the economic value of an asset or service, considering the benefit it generates relative to the costs or price paid for it.
Definition of "Value" as subjective value
This definition connects "Value" to subjective judgment.
"Value" refers to the subjective value placed on an asset, reflecting individual perceptions and preferences rather than a fixed or market-determined worth.
Definition of "Value" as contingent value
This definition links "Value" to a contingent basis.
"Value" means the contingent value, which refers to an asset’s worth based on certain future events or conditions being met, often found in structured finance or investment deals.
Definition of "Value" as intrinsic market value
This definition connects "Value" to intrinsic market considerations.
"Value" refers to the intrinsic market value, which is the worth of an asset considering all factors that affect its true market position, including supply, demand, and intrinsic qualities.
Definition of "Value" as face value
This definition ties "Value" to face worth.
"Value" means the face value of a financial instrument, which is the stated amount on the document or contract representing the principal amount to be repaid at maturity.
Definition of "Value" as cost value
This definition links "Value" to cost basis.
"Value" refers to the cost value, which is the original purchase cost of an asset or property, excluding any adjustments for depreciation or appreciation.
Definition of "Value" as contract value
This definition applies "Value" to a contractual context.
"Value" means the contract value, which is the agreed-upon monetary amount or consideration in a contract, often referring to the total cost or revenue generated by the agreement.
Definition of "Value" as risk-adjusted value
This definition ties "Value" to risk-adjusted returns.
"Value" refers to the risk-adjusted value, which accounts for the expected return on an investment relative to the level of risk undertaken.
Definition of "Value" as economic impact value
This definition connects "Value" to economic influence.
"Value" means the economic impact value, which reflects the broader effect an asset, investment, or project has on the economy, jobs, or business activities.
Definition of "Value" as real estate value
This definition links "Value" to real estate assessment.
"Value" refers to the real estate value, which is the market worth of a property based on factors like location, condition, and comparable property sales.
Definition of "Value" as tax value
This definition ties "Value" to taxation.
"Value" means the tax value, which is the worth of an asset as determined by a tax authority, used to assess tax liabilities.
Definition of "Value" as liquidation preference
This definition connects "Value" to liquidation rights.
"Value" refers to the liquidation preference, which is the priority value given to certain investors or stakeholders in the event of a company’s liquidation.
Definition of "Value" as acquisition value
This definition links "Value" to acquisitions.
"Value" means the acquisition value, which is the price paid to acquire a company, asset, or investment based on due diligence and strategic considerations.
Definition of "Value" as salvage value
This definition ties "Value" to salvage worth.
"Value" refers to the salvage value, which is the estimated worth of an asset at the end of its useful life, considering what can be recovered through disposal or resale.
Definition of "Value" as adjusted value
This definition connects "Value" to adjusted calculations.
"Value" means the adjusted value, which is the worth of an asset or liability after accounting for various changes, such as depreciation, appreciation, or inflation.
Definition of "Value" as comparable value
This definition links "Value" to comparable worth.
"Value" refers to the comparable value, which is the estimated worth of an asset based on similar assets in the market or comparable transactions.
Definition of "Value" as economic benefit value
This definition applies "Value" to economic benefits.
"Value" means the economic benefit value, which reflects the total benefits derived from owning or using an asset, often calculated over time.
Definition of "Value" as collectible value
This definition ties "Value" to collectible worth.
"Value" refers to the collectible value, which is the worth of an item based on its rarity, desirability, or condition in markets for collectibles.
Definition of "Value" as implied value
This definition connects "Value" to inferred worth.
"Value" means the implied value, which is the perceived or inferred worth of an asset based on indirect indicators, trends, or contextual information.
Definition of "Value" as holding value
This definition ties "Value" to holding potential.
"Value" refers to the holding value, which is the worth of an asset based on its ability to generate income or appreciate in value over time.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.