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value in exchange

   Also found in: Legal, Wikipedia 0.01 sec.
Exchange Value
The theoretical value of a commodity if it were to be traded. In Marxist economics, this is similar to but distinct from the concept of price, which is a money value of a commodity in a transaction. It differs from use value in that use value measures quality while exchange value measures quantity.

value in exchange
The value of property if one were to exchange it for goods and services.


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Section 8 of RESPA prohibits a person from giving or accepting anything of value in exchange for the referral of settlement service business.
Spokesperson Kevin Thubron said: "We buy the seller's house directly from them at market value in exchange for a William Leech 55+ apartment.
These participants see more value in exchanges than those respondents still in the planning stages, but both identified a number of benefits of exchanges, including the ability to share information among the trading community, streamlined buying and selling operations, reduced procurement cost, identification of new suppliers and products, and the support of current business processes.
 
 
 
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