Law Dictionary

new value

noun

Legal Definition of new value

  1. :  something of value (as money, goods, services, credit, or release of previously transferred property) that is newly given

Additional Notes on new value

A transfer by a debtor to a creditor that is intended as a contemporaneous exchange for new value and not as satisfaction for a preexisting debt may not be avoided by a trustee in bankruptcy as a voidable preference.


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a brief usually trivial fact

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