Value

Value, val′ū, n. worth: that which renders anything useful or estimable: the degree of this quality: esteem, regard: efficacy: importance: excellence: price: precise meaning: (mus.) the relative length of a tone signified by a note: (paint.) relation of one part of a picture to the others with reference to light and shade and without reference to hue: (math.) the special determination of a quantity.—v.t. to estimate the worth of: to rate at a price: to esteem: to prize.—v.i. (Shak.) to be worth.—adj. Val′uable, having value or worth: costly: deserving esteem.—n. a thing of value, a choice article—often in pl.—ns. Val′uableness; Valuā′tion, the act of valuing: value set upon a thing: estimated worth; Valuā′tor, one who sets a value upon: an appraiser.—adjs. Val′ued; Val′ueless.—n. Val′uer, one who values.—Value in exchange, exchange value: (pol. econ.) economic value (i.e. the amount of other commodities for which a thing can be exchanged in open market) as distinguished from its more general meaning of utility; Value received, a phrase indicating that a bill of exchange, &c., has been accepted for a valuable consideration.—Good value, full worth in exchange. [O. Fr. value, prop. the fem. of Fr. valu, pa.p. of valoir, to be worth—L. valēre.]