VALUATION

(A) An appraisal given by an expert, an assessment, an expert opinion regarding the market value of an asset, property, real estate or a business. (B) The act of ascertaining the worth of a thing; or it is the esti-mated worth of a thing. 2. It differs from price, which does not always afford a true criterion of value, for a thing may be bought very dear or very cheap. In some … [Read more...] about VALUATION

contracts. An equivalent for a thing purchased. A necessary requirement for the making of a valid and binding contract, in addition to an offer and an acceptance. Law Dictionary - Alternative Legal Definition The distinction between a good and a valuable consideration is that the former consists of blood, or of natural love and affection; as when a man grants an estate to a … [Read more...] about VALUABLE CONSIDERATION

That which has worth or monetary value. … [Read more...] about VALUABLE

Latin: Value of the marriage. In feudal law, the guardian in chivalry had the right of tendering to his infant ward a suitable match, without "disparagement," (inequality,) which, if the infants refused, they forfeited the value of the marriage (valor maritagii) to their guardian; that is, so much as a jury would assess, or any one would boha fide give, to the guardian for such … [Read more...] about VALOR MARITAGII

L. Latin: The value of every ecclesiastical benefice and preferment, according to which the first fruits and tenths are collected and paid It is commonly called the "king's hooks," by which the clergy are at present rated; 2 Steph. Comm. 533; Wharton. … [Read more...] about VALOR BENEFICIORUM