VALUE

Definitions

1. 1. The property or aggregate properties of a thing by which it is rendered useful or desirable, or the degree of such property or sum of properties; worth; excellence; utility; importance.
2. 2. Worth estimated by any standard of purchasing power, especially by the market price, or the amount of money agreed upon as an equivalent to the utility and cost of anything. An article may be possessed of the highest degree of utility, or power to minister to our wants and enjoyments, and may be universally made use of, without possessing exchangeable value. M'Culloch. Value is the power to command commodities generally. A. L. Chapin (Johnson's Cys.). Value is the generic term which expresses power in exchange. F. A. Walker. His design was not to pay him the value of his pictures, because they were above any price. Dryden.
3. 3. Precise signification; import; as, the value of a word; the value of a legal instrument Mitford.
4. 4. Esteem; regard. Dryden. My relation to the person was so near, and my value for him so great Bp. Burnet.
5. 5. The relative length or duration of a tone or note, answering to quantity in prosody; thus, a quarter note [value of two eighth notes [
6. 6. In an artistical composition, the character of any one part in its relation to other parts and to the whole; -- often used in the plural; as, the values are well given, or well maintained.
7. 7. Valor. [Written also valew.] [Obs.] Spenser. Value received, a phrase usually employed in a bill of exchange or a promissory note, to denote that a consideration has been given for it. Bouvier.