new value

noun

Legal Definition of new value

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

Note: 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.

Learn More About new value

Dictionary Entries Near new value

new trial

new value

New York Times Co. v. Sullivan

See More Nearby Entries 

Cite this Entry

“New value.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/new%20value. Accessed 28 Sep. 2021.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

WORD OF THE DAY

Test Your Vocabulary

Difficult Spelling Words Quiz

  • alphabet pasta spelling help
  • Which is the correct spelling?
How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!