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 ?
Stephen is a chartered surveyor and registered valuer with more than 25 years' experience in commercial property.
But he said that the District Valuer was an independent adviser and if the council refused the scheme it would lose any appeal made by the developer.
Tender notice number : Tender Valuation of NPA Agency- EMPANLE VALUER
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.
no judge, barrister, academic, valuer or politician has been able to improve upon it.
Real estate valuation prepared by qualified valuers in the UAE will be formally regulated by the Royal Institution of Chartered Surveyors' (RICS) professional body.
The introduction of RICS Valuer Registration is a fundamental step to supporting a transparent and sustainable property market through the adoption of international standards and best practice.
As the global adviser had assumed only three mines as non- core, the asset valuer should have valued not one but three mines on the basis of market value," the CAG report had said.
This achievement comes hot on the heels of Rebecca passing her Central Association of Agricultural Valuers exams earlier this year.
Real deal VALUER Mr Rye said: "I had been called to appraise an English dessert service but my eye was immediately drawn to the 18-inch vase that was sitting on the floor.
In June, 2002, the valuer from Colleys, now part of Bank of Scotland, valued the property at pounds 353,000 with a rental income of pounds 2,000 per month.
Summary: Former investors in Bradford & Bingley should receive no compensation for their shares, an independent valuer has said.