unit of value

Definition of unit of value

1 : the amount of some one thing taken as a standard by comparison with which to reckon the value of other things
2 or unit of assessment : the unit of length, surface, capacity, or weight that an assessor used in calculations of or values for the assessment of taxes

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Cite this Entry

“Unit of value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unit%20of%20value. Accessed 8 Aug. 2020.

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