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Valuation
ValuationThe act of ascertaining the worth of a thing; or it is the esti-mated worth of a thing SIMILAR TERMS-------------------------------------- Valuable consideration Contracts. An equivalent for a thing purchased. Valuation process A systematic procedure employed to provide the answer to a client's question about real property value. Value Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange. Value received This phrase is usually employed in a bill of exchange or promissory note, to denote that a consideration has been given for it. Valued bill of lading or ad valorem bill of lading A valued bill of lading, sometimes called an ad valorem bill of lading, is a bill of lading where the value of the cargo has been declared by the carrier and "inserted in the bill of lading". Valued policy A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss. PREVIOUS AND NEXT TERMS-------------------------------------- Vagabond One who wanders about idly, who has no certain dwelling. The ordonnances of the French define a vagabond almost in the same terms. Vagrant A tramp or homeless person. Vagueness Uncertainty. Valid An act, deed, will, and the like, which has received all the formalities required by law, is said to be valid or good in law. Valuable consideration Contracts. An equivalent for a thing purchased. Valuation Valuation process A systematic procedure employed to provide the answer to a client's question about real property value. Value Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange. Value received This phrase is usually employed in a bill of exchange or promissory note, to denote that a consideration has been given for it. Valued bill of lading or ad valorem bill of lading A valued bill of lading, sometimes called an ad valorem bill of lading, is a bill of lading where the value of the cargo has been declared by the carrier and "inserted in the bill of lading". Valued policy A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss. We thank you for using the Juridical Dictionary to search for Valuation. If you have a better definition for Valuation than the one presented here, please let us know by making use of the suggest a term option. This definition of Valuation may be disputed by other professionals. Our attempt is to provide easy definitions on Valuation and any other medical topic for the public at large.
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