Something of Value in Legal Term -

Something of Value in Legal Term

VALUE, customary law. This term has two different meanings. It sometimes expresses the usefulness of an object and sometimes the power to buy other goods with it. The first can be called use value, the second countervalue. 2. Value differs from price. The latter is applied to live bovine animals and animals; A declaration of removal of bovine animals should therefore indicate that they have such a price; And in a statement of having taken dead things or those that never had life, it should have such value. 2 Lilly is. 620. The #1 Spanish-language legal site for consumers The usefulness of an object for the direct or indirect satisfaction of people`s needs or desires, called by economists “use value”; or its value, which consists in the power to buy other objects, called “value in exchange.” Also the estimated or estimated value of an object, calculated in money. The term is also often used as an abbreviation for “value consideration”, especially in the expressions “buyer for value”, “owner for value”, etc. Value is also used in various expressions for commercial and commercial purposes. The term actual present value is used in insurance to refer to the cost of purchasing new replacement assets less normal depreciation, although it may also be determined by the current market value of similar assets or by the cost of replacing or repairing the asset. Cash value is used in life insurance to refer to the amount that the insurer pays to the policyholder if the policy is cancelled before the death of the insured. The FindLaw Legal Dictionary – free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries. n. evidence useful enough to prove something important in a trial. However, the probative value of the evidence proposed must be weighed by the trial judge against the jury`s bias against the opposing party or criminal defendant. A typical dispute arises when the prosecutor wishes to introduce the past conduct of an accused (in particular, a criminal conviction) in order to show a tendency to commit the alleged offence, which is balanced against the defendant`s right to be found guilty of the facts of the case and not to discriminate against him in the mind of the jury because of previous acts.

Value sometimes expresses the inherent utility of an object and sometimes the power to buy other goods with it. The first is called Use Value, the second Use Value. Use value is the use of an object for the direct or indirect satisfaction of man`s needs or desires. Value in exchange is the quantity of commodities, usually represented by money, for which a thing can be exchanged in an open market. This concept is generally referred to as market value. At, we pride ourselves on being the leading source of free legal information and resources on the Internet. Contact us. Are you a lawyer? Visit our professional website » National Directory of Lawyers and Legal Resources for Consumers Free and reliable legal information for consumers and legal professionals The word value has several meanings and can be used in different meanings. Since value is usually a relative concept, its true meaning must be determined by the context in which it appears. On the stock exchange, the par value is the nominal value of the share; It is calculated by dividing the total declared share capital by the number of authorized shares. The declared value is the value of the share par value determined by the Company as the capital of the Company.

The courts have often used the word value without making it clear whether it was use value or market value. In general, however, courts and civil parties are concerned about market value. While courts may refer to disposable value, actual value, fair value, fair value and present value, these terms are synonymous with market value. The carrying amount is the value at which an entity`s assets are recorded in the entity`s books. The carrying amount of a capital asset is determined by deducting accumulated depreciation from the cost of the asset. Book value can also refer to a company`s net assets, which are calculated by deducting liabilities from assets. The liquidation value is the value of a corporation or asset when it is sold outside the ordinary course of business, such as when a corporation is liquidated. Supported by Black`s Law Dictionary, Free 2nd ed., and The Law Dictionary. Directory of U.S. Attorneys with exclusive Super Lawyers Copyright © 2022, Thomson Reuters. All rights reserved. ConditionsPrivacy PolicyDisclaimerCookiesDo Not Sell My Information The estimated or valued value of an object or property, calculated in money.

Source: Merriam-Webster`s Dictionary of Law ©, 1996. Licensed with Merriam-Webster, Incorporated.