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value definition - legal

n

  1. What something is worth in monetary terms, or in money; a thingÂ’s market worth.
  2. The usefulness or desirability of something.
  3. Adequate contractual consideration. See also fair market value.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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