A corporation`s net assets are usually determined by subtracting liabilities from assets or adding the capital account to the surplus account, as shown on the corporation`s balance sheet. The FindLaw Legal Dictionary – free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries. Value is also used in various expressions in business and commercial use. The term actual present value is used in insurance to refer to the cost of purchasing new replacement assets less normal depreciation, although it may also be determined by the current market value of similar assets or by the cost of replacing or repairing the asset. Cash value is used in life insurance to refer to the amount that the insurer pays to the policyholder if the policy is cancelled before the death of the insured. LawInfo.com National Bar Directory and Legal Resources for Consumers Estimated or estimated value of an object or property, calculated in money. Are you a lawyer? Visit our professional website » Book value is the value at which a company`s assets are kept in the company`s books. The carrying amount of a capital asset is determined by deducting accumulated depreciation from the cost of the asset. Book value can also refer to a company`s net assets, which are calculated by deducting liabilities from assets. The liquidation value is the value of a corporation or asset when it is sold outside the ordinary course of business, such as when a corporation is liquidated.

VALUE, customary law. This term has two different meanings. It sometimes expresses the usefulness of an object and sometimes the power to buy other goods with it. The first can be called use value, the second countervalue. 2. Value differs from price. The latter is applied to live bovine animals and animals; A declaration of removal of bovine animals should therefore indicate that they have such a price; And in a statement of having taken dead things or those that never had life, it should have such value. 2 Lilly is. 620. At FindLaw.com, we are proud to be the leading source of free legal information and resources on the Internet. Contact us.

FindLaw.com Free and reliable legal information for consumers and legal professionals Courts have often used the word value without making it clear whether it is use value or market value. In general, however, courts and civil parties are concerned about market value. While courts may refer to disposable value, actual value, fair value, fair value and present value, these terms are synonymous with market value. The word value has several meanings and can be used in different meanings. Since value is usually a relative concept, its true meaning must be determined by the context in which it appears. Abogado.com The #1 legal website in Spanish for consumers on the stock exchange, the nominal value is the nominal value of the share; It is calculated by dividing the total declared share capital by the number of authorized shares. The declared value is the value of the share par value determined by the Company as the capital of the Company. SuperLawyers.com Directory of U.S. Attorneys with exclusive Super Lawyers rating Source: Merriam-Webster`s Dictionary of Law ©1996. Licensed with Merriam-Webster, Incorporated. Value sometimes expresses the inherent utility of an object and sometimes the power to buy other goods with it.

The first is called Use Value, the second Use Value. Use value is the use of an object for the direct or indirect satisfaction of man`s needs or desires. Value in exchange is the quantity of commodities, usually represented by money, for which a thing can be exchanged in an open market. This concept is generally referred to as market value. Copyright © 2022, Thomson Reuters. All rights reserved. You must – there are over 200,000 words in our free online dictionary, but you`re looking for one that is only included in the full Merriam-Webster dictionary. Start your free trial today and get unlimited access to America`s largest dictionary with: The difference between balance sheet total and liabilities; the sum of the assets of a natural person or enterprise minus the total amount due to creditors. Supported by Black`s Law Dictionary, Free 2nd ed., and The Law Dictionary.

A measure of the value obtained, the satisfaction derived from a tangible or intangible product. ConditionsPrivacy PolicyDisclaimerCookiesDo not sell my information.