See Also: VALUATION(law)
FVO (for valuation only)(money)
valuation(dictionary)
valuation(dictionary)
Valuation(finance)
Valuation(money)
Pre money valuation(finance)
Valuation clause(finance)
Valuation reserve(finance)
Assessed valuation(money)

VALUATION (law)


VALUATION. The act of ascertaining the worth of a thing; or it is the estimated worth of a thing. estimated worth of a thing. 2. It differs from price, which does not always afford a true criterion 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 of value, for a thing may be bought very dear or very cheap. In some contracts, as in the case of bailments or insurances, the thing bailed or contracts, as in the case of bailments or insurances, the thing bailed or insured is sometimes valued at the time of making the contract, so that if insured is sometimes valued at the time of making the contract, so that if lost, no dispute may arise as to the amount of the loss. 2 Marsh. Ins. 620; lost, no dispute may arise as to the amount of the loss. 2 Marsh. Ins. 620; 1 Caines, 80; 2 Caines 30; Story, Bailm. Sec. 253, 4; Park Ins. 98; Wesk. 1 Caines, 80; 2 Caines 30; Story, Bailm. Sec. 253, 4; Park Ins. 98; Wesk. Ins. h.t.; Stev. on Av. part 2; Ben. on Ins. ch. 4. Ins. h.t.; Stev. on Av. part 2; Ben. on Ins. ch. 4.