valuation


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Valuation

The process of determining the value or worth of an asset. There are several methods professionals use to perform a valuation, often including both objective and subjective criteria. Valuation is often used as a synonym for appraisal.

valuation

noun assessment, calculation, determination, estimate, estimated value, estimation, evaluation, examination, fixing a price, measurement, quantification, reckoning, setting a price, setting the value, summary, survey
Associated concepts: property
See also: account, appraisal, appreciation, assessment, census, charge, computation, conclusion, cost, determination, estimate, estimation, expense, face amount, idea, measurement, par, perception, price, rate, rating, regard, value, worth

VALUATION. The act of ascertaining the worth of a thing; or it is the estimated 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 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 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. Ins. h.t.; Stev. on Av. part 2; Ben. on Ins. ch. 4.

References in classic literature ?
I was absent from Baltimore, for the purpose of valuation and division, just about one month, and it seemed to have been six.
There ought to be a new valuation made from time to time," said Sir James.
Some of the furniture in the upper rooms, not being wanted by the last tenant, was left to be taken at a valuation if the next tenant needed it.
After his valuation the land must be put up three times to auction, and if no one bids more, the purchaser can have it at that rate.
He was ready to take old de Barral--the convict--on his daughter's valuation without the slightest reserve.
A government resting on a valuation of property, in which the rich have power and the poor man is deprived of it.
It has dawned upon me that I have never placed a proper valuation upon womankind.
So long as we refuse to allow ourselves, even in the watches of the night, to avow any contrary desires, we may be bullies at home, shady in the City, skinflints in paying wages and profiteers in dealing with the public; yet, if only conscious motives are to count in moral valuation, we shall remain model characters.
Raffles was not surprised; we had dined together at my relative's in the old days, and filed for reference a professional valuation of his household gods.
Ah," says he, "if I hadn't been obliged to take that ugly article at the old broker's valuation, I might have got something comfortable for the money.
I'm going straight home, for I've got a lot o' timber valuations to write out.
Doth any man doubt, that if there were taken out of men's minds, vain opinions, flattering hopes, false valuations, imaginations as one would, and the like, but it would leave the minds, of a number of men, poor shrunken things, full of melancholy and indisposition, and unpleasing to themselves?