Arbitrary Value

Arbitrary Value

A value not linked to an asset or liability, but created solely for accounting purposes. Critics of capitalism contend that a disproportionate amount of the value the market creates is arbitrary, though others strongly dispute this. Arbitrary value is also called fictitious value.
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References in classic literature ?
Bentham and others, have strongly insisted on their arbitrary value.
Whatever happens to Bitcoin, we must not lose sight of a more fundamental - and more worrisome - development: A financial product with a purely arbitrary value has been successfully introduced in the world's most sophisticated financial markets.
The court noted that in a previous related appeal, it had rejected reliance on restrictions as the sole basis for assigning a flat, arbitrary value to the improvements, finding this approach a clearly erroneous valuation method.
I would hope that this would appeal to people, regardless of whether they're Democrat or Republican, who are against abortion because this puts an arbitrary value on life.
As for land registry property overvaluation, this is well known and rife particularly in Paphos where despite what the department of lands and surveys website says about the valuation criteria, when one can actually access it, it is a secretive process and appears to be often based on an arbitrary value per square metre for example e1/41,300 in 2001 and e1/41,600 in 2004 per sq metre of closed space and covered veranda, instead of a balanced view based on similar properties in the area, or even expected resale value.
tau] arbitrary value [less than or equal to] [tau] lateral FGM coating [less than or equal to] [tau] lateral uncoated Ti
However, he argues, such sound data do not exist to examine the GHG emissions for the vast majority of fuel sources the EU actually imports, leading to an arbitrary value assignment.
In the pre-test 29% of students gave an arbitrary value to n and calculated a value, but in the post-test this proportion dropped to 22% on a directly parallel question.
The key is to correct red flags that can lead the IRS to assume that the estate has used an arbitrary value or an inconsistent valuation.
We must transform the whole arbitrary value attribution system.
Based on the discussion presented in first Section, it is required to find an alternative closed-form expression for the MGF which is simpler to use in computations and at the same time valid for any arbitrary value of fading parameter.
max] under the AFC's linear approximation can be split on n sections of arbitrary value depending on the value of this range and curvature of obtained AFC.