- highly subjective term, usually an expression of monetary worth applied to a particular asset, group of assets, business entity, or services rendered. It should not be confused with the term cost even though it is frequently measured, equated, and identified by it. Thus the term should be used with an appropriate modifying adjective.
- amounts at which items are stated in financial records and statements. Value is expenditures or amounts deemed to benefit future periods.See also book value market value
- represented by the amount of goods, services, or money necessary to complete an exchange for a specific commodity. In conomic terms, value of goods equals price multiplied by quantity.
worth of all the rights arising from ownership; quantity of one thing that will be given in exchange for another. Of course, a piece of property may have a certain value to its owner (value in use) equal to the amount of other property (typically cash) that the owner would be willing to accept in exchange for the property without loss in wealth or well-being. The same property may have a different fair market value (value in exchange) equal to the amount of other property exchanged for the property when many typically motivated buyers and sellers are allowed to interact.
the worth of all the rights arising from ownership; the quantity of one thing that will be given in exchange for another.
Example: A property may have a certain value to its owner (value in use) equal to the amount of other property (typically cash) that the owner would be willing to accept in exchange for the property without loss in wealth or well-being. The same property may have a different market value (value in exchange) equal to the amount of other property exchanged for the property when many typically motivated buyers and sellers are allowed to interact.
