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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
THE Ethics and Anti-corruption commission has been temporarily barred from searching and valuating properties belonging to former Nairobi Governor Evans Kidero.
"More than anything, we want this software to bring down the time consumed in valuating a property; this has been a constant issue for the industry over a long time.
The tourist route is implemented under an EU project aimed at creating strategic partnership in support of the sustainable economic development of the Black Sea region by valuating its tourism potential.
Takeaway: Valuating the company makes priorities clearer.
The 41 papers selected from submissions by peer review cover resources, explorations, and exploitation; manufacturing processes, tools, and optimization; environmental management: recycling, and valuating byproducts; characterization and new products; natural stone in architecture and design; and cultural, economic, and social issues.
London, Oct 5 (ANI): Soft drinks maker Coca-Cola has scooped the world's most valuable brand spot, according to a report valuating global brands.
The second step seeks the item belonging to the presentable subset that optimizes a certain valuating function.
(Valmer), which provides pricing data for valuating financial instruments, will begin operating in Costa Rica, reports (April 10, 2010).