Value in United States
Value Definition
The utility of an object. The price demanded or accepted as equivalent to the utility of anything. 161 111. 251; 154 111. 662. The worth of an object in purchasing other goods. The value of a thing is what it will produce. The first may be called “value in use;” the latter, “value in exchange.” It is a relative term, depending upon different circumstances, 235 111. 435, and has no fixed criteria. 21 Minn. 322. “Value” differs from “price.” The latter is applied to live cattle and animals. In a declaration, therefore, for taking cattle, they ought to be said to be of such a price; and in a declaration for taking dead chattels, or those which never had life, it ought to lay them to be of such a value. 2 Lilly, Abr. 629.
Value in Foreign Legal Encyclopedias
| Link | Description |
|---|---|
| Value | Value in the World Legal Encyclopedia. |
| Value | Value in the European Legal Encyclopedia. |
| Value | Value in the Asian Legal Encyclopedia. |
| Value | Value in the UK Legal Encyclopedia. |
| Value | Value in the Australian Legal Encyclopedia. |
For starting research in the law of a foreign country:
Browse the American Encyclopedia of Law for Value
Scan Value in the appropriate area of law:
| Link | Description |
|---|---|
| Value | Value in the Family Law Portal of the American Encyclopedia of Law. |
| Value | Value in the IP Portal of the American Encyclopedia of Law. |
| Value | Value in the Commercial Law Portal of the American Encyclopedia of Law. |
| Value | Value in the Criminal Law Portal of the American Encyclopedia of Law. |
| Value | Value in the Antritrust Portal of the American Encyclopedia of Law. |
| Value | Value in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
| Value | Value in the Constitutional Law Portal of the American Encyclopedia of Law. |
| Value | Value in the Tax Law Portal of the American Encyclopedia of Law. |
| Value | Value in the and Finance and Banking Portal of the American Encyclopedia of Law. |
| Value | Value in the Employment and Labor Portal of the American Encyclopedia of Law. |
| Value | Value in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
| Value | Value in the Environmental Law Portal of the American Encyclopedia of Law. |
Explore other Reference Works
| Resource | Description |
|---|---|
| Value in the Dictionaries | Value in our legal dictionaries |
| http://lawi.us/value | The URI of Value (more about URIs) |
| Value related entries | Find related entries of Value |
Legal Issue for Attorneys
The utility of an object. The price demanded or accepted as equivalent to the utility of anything. 161 111. 251; 154 111. 662. The worth of an object in purchasing other goods. The value of a thing is what it will produce. The first may be called “value in use;” the latter, “value in exchange.” It is a relative term, depending upon different circumstances, 235 111. 435, and has no fixed criteria. 21 Minn. 322. “Value” differs from “price.” The latter is applied to live cattle and animals. In a declaration, therefore, for taking cattle, they ought to be said to be of such a price; and in a declaration for taking dead chattels, or those which never had life, it ought to lay them to be of such a value. 2 Lilly, Abr. 629.
Notice
This definition of Value is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.
Market Value Approach in the context of Real Estate
Resurces
See Also
- Market Data Approach
Use Value in the context of Real Estate
Resurces
See Also
- Value in Use
Other bases: Deductive and computed value
Find more information on Other bases: Deductive and computed value in relation to the Customs Trade Law in the legal Encyclopedias.
Value and the International Trade Law
Value (Enforcement)
This section introduces, discusses and describes the basics of value . Then, cross references and a brief overview about Enforcement is provided. Finally, the subject of Negotiable Instruments in relation with value is examined. Note that a list of cross references, bibliography and other resources appears at the end of this entry.
Value (Interpretation)
This section introduces, discusses and describes the basics of value. Then, cross references and a brief overview about Interpretation is provided. Finally, the subject of General Provisions in relation with value is examined. Note that a list of cross references, bibliography and other resources appears at the end of this entry.
Concept of Value in Foreign Trade
A definition of Value in relation with foreign trade is provided here: In general, the value to be reported in the EEI shall be the value of the goods at the U.S. port of export in U.S. dollars. The value shall be the selling price (or the cost, if the goods are not sold), plus inland or domestic freight, insurance, and other charges to the U.S. seaport, airport, or land border port of export. Cost of goods is the sum of expenses incurred in the USPPI's acquisition or production of the goods. Report the value to the nearest dollar, omit cents. Fractions of a dollar less than 50 cents should be ignored, and fractions of 50 cents or more should be rounded up to the next dollar.
Resources
See Also
Further Reading
- Value entry in the Dictionary of International Trade Law (Raj Bhala)
- Value entry in the Gale Encyclopedia of U.S. Economic History (Thomas Carson; Mary Bonk)
- Value entry in the Dictionary of International Trade
- Value entry in the Dictionary of International Trade: Handbook of the Global Trade Community (Edward G. Hinkelman)
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