Arbitrary Value

(redirected from Fictitious 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.
Mentioned in ?
References in classic literature ?
You are pleased to set an altogether fictitious value upon half bottle of brandy we have left," he said.
Whether from commiseration for a woman of so miserable a destiny; or from the morbid curiosity that gives a fictitious value even to common or worthless things; or by whatever other intangible circumstance was then, as now, sufficient to bestow, on some persons, what others might seek in vain; or because Hester really filled a gap which must otherwise have remained vacant; it is certain that she had ready and fairly equited employment for as many hours as she saw fit to occupy with her needle.
1 is to be regarded as a fictitious value of the contract.
The purpose of the phony account with millions of dollars in fictitious value was to conceal a multi-million-dollar shortfall between what Avellino & Bienes owed its investors and the purported balances of its BLMIS accounts.