value

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Value

A measure of worth. Value is generally expressed in monetary terms. For example, the value of a house may be $100,000. Generally, the value of a product depreciates over time, though it sometimes appreciates instead (notably in real estate). How easily one can sell a product for its value helps determine how liquid the product is.

value

the money worth of a PRODUCT or ASSET. Value is measured in terms of the PRICE which buyers are prepared to pay for the product or asset. The amount which they are prepared to pay depends upon the benefits which they expect to derive from consuming or owning the item. See PRICE-QUALITY TRADEOFF, PSYCHOLOGICAL PRICING, VALUE CREATED MODEL, CONSUMER SURPLUS.

value

the money worth of an ASSET or PRODUCT. Early economists such as Adam SMITH and David RICARDO suggested that the value of an asset or product depended upon the amount of LABOUR needed to produce it, while later economists like William JEVONS emphasized that the UTILITY of a product to a consumer determined its value. Nowadays, economists accept that both supply and demand factors are important in determining the value of a product, by establishing a MARKET PRICE for it. See also CONSUMERS’ SURPLUS, VALUE ADDED, PARADOX OF VALUE.

value

The worth of all rights arising from ownership of property.

References in periodicals archive ?
This scenario, according to Levy and Schuck (1999), may be well applied to the valuation industry in cases where a valuer may have previously recommended a client purchase a property for a particular price and subsequently becoming committed to the recommendation to please their client.
Its after a short moment that all the numbers she had including that of the foreigner the lawyer, the valuer and Ian went off.
New Delhi [India], Dec 28 ( ANI ): The Insolvency and Bankruptcy Board of India (IBBI) recognised two registered valuers organisations, said the Ministry of Corporate Affairs on Thursday.
The draft regulations are aimed at the regulation and supervision of the work of professional valuers,said in statement issued by SECP here on Friday.
During the recent AGM at Langley Castle, for example, Gordon Robinson, who has held chairman, secretary and treasurer roles at the Northumbria and Cumbria branch, became the first recipient of the Simon Rowarth Memorial Award, created in memory of a renowned agricultural valuer who died in 2012, aged 48.
Bahrain's Real Estate Regulatory Authority (RERA) has announced that it is mandatory for real estate valuers to have a license if they want to operate in the Kingdom.
According to him, Rera is introducing a new Valuer Classification model whereby valuers will be licensed to value properties within different monetary bands, valuation bases and methods based on a range of criteria including their experience, real estate qualifications, competencies and expertise.
The RERA CEO went on to say 'RERA is introducing a new Valuer Classification model whereby Valuers will be licensed to value properties within different monetary bands, valuation bases and methods based on a range of criteria including their experience, real estate qualifications, competencies and expertise.
"The co-operation and enthusiasm for reform evidenced at the meeting with leaders from the valuer profession augurs well for the future of the real estate sector in Bahrain," he added.
'I have ascertained that Pius Maithya who is in charge of the valuations is not a registered valuer as required by sections 8 and 22 of the Valuers Act, contrary to claims in his affidavit.
class="MsoNormalDr Kidero attached copies of Kenya Gazette Notices Vol CXX-37 and Vol CXX-50, which notified the public of valuers licensed to practice in 2018.