new value


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.

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new trial

new value

New York Times Co. v. Sullivan

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Cite this Entry

“New value.” Legal Dictionary, Merriam-Webster, Accessed 28 Sep. 2021.

Style: MLA
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