noun val·ue \ˈval-(ˌ)yü\

: the amount of money that something is worth : the price or cost of something

: something that can be bought for a low or fair price

: usefulness or importance

Full Definition of VALUE

:  a fair return or equivalent in goods, services, or money for something exchanged
:  the monetary worth of something :  market price
:  relative worth, utility, or importance <a good value at the price> <the value of base stealing in baseball> <had nothing of value to say>
:  a numerical quantity that is assigned or is determined by calculation or measurement <let x take on positive values> <a value for the age of the earth>
:  the relative duration of a musical note
a :  relative lightness or darkness of a color :  luminosity
b :  the relation of one part in a picture to another with respect to lightness and darkness
:  something (as a principle or quality) intrinsically valuable or desirable <sought material values instead of human values — W. H. Jones>
:  denomination 2
val·ue·less \-(ˌ)yü-ləs, -yə-\ adjective
val·ue·less·ness noun

Examples of VALUE

  1. The company's stock continues to decline in value.
  2. Real estate prices have doubled in value over the last decade.
  3. The difference in value between the two currencies is not significant.
  4. You may exchange the item for something of equal value.
  5. We sold the home for less than its full value.
  6. an increase in the value of the dollar
  7. The home has a value of $1,000,000.
  8. Property values tend to rise as interest rates fall.
  9. The store advertises great values.
  10. No one can deny the value of a good education.

Origin of VALUE

Middle English, worth, high quality, from Anglo-French, from Vulgar Latin *valuta, from feminine of *valutus, past participle of Latin valēre to be of worth, be strong — more at wield
First Known Use: 14th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer



: to make a judgment about the amount of money that something is worth

: to think that (someone or something) is important or useful


Full Definition of VALUE

transitive verb
a :  to estimate or assign the monetary worth of :  appraise <value a necklace>
b :  to rate or scale in usefulness, importance, or general worth :  evaluate
:  to consider or rate highly :  prize, esteem <values your opinion>
val·u·er \-yə-wər\ noun

Examples of VALUE

  1. She values the time she spends with her family.
  2. The items are highly valued by collectors.
  3. The herbs are valued for their medicinal properties.

First Known Use of VALUE

15th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer


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