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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 ?
Finally, non-naturalists might object that this approach to valuation simply leaves out the non-natural, it does not establish that there are no non-natural valuational properties.
(216) With these valuational parameters in mind, assume now that the law changes the liability regime.
If, however, MV sits atop of our agent's valuational hierarchy, then it would be irrational to frustrate this higher value in order to avoid the aforementioned lesser costs.
That is the basis on which they argue for a differential valuational of the people that do the work; they are doing useful work, they should have dignity.
Officials straddle multiple valuational worlds: serving a subset of the
I mention this here because such a view is in a certain sense simply a consequent extension of Audi's substantive foundationalism about practical reason: an extension in which "moral" qualities such as kindness and respect are just as fundamental as the qualities involved in Audi's eudaemonisuc, hedonic, and valuational principles.
That Emerson could harbor such opposing values testifies, once again, to the deeply rooted intellectual, psychological, and valuational polarities that pervade his complex and enigmatic nature.
This modified model employs the same six phases and identifies four classes of "factors or forces" that make up the policy dynamic: biophysical (physical properties of the resource), valuational (human values about the resource), social-structural (property rights and access to the resource), and institutional-regulatory (organizations and their directives).
But Mill rejected this valuational 1eveling, insisting that pleasures differ in quality as well as quantity: Activities that engage individuals' higher faculties are infinitely preferable to mere bodily enjoyments.
Mario Bunge has identified seven desiderata that should be considered before a judgment is deemed rational: (1) conceptual clarity; (2) logical consistency; (3) ontological realism; (4) epistemological reflection; (5) methodological rigor; (6) practicality; and (7) valuational selection.
Taking a more general look at the problem, and stressing one aspect of it, Sharabi views the intellectual crisis of the younger Arab generation in terms of three main phenomena -- psychological uprootedness, loss of moral and religious certainties, and what he calls "valuational drift." Uprootedness, Sharabi asserts, does not affect Arabs who are found in all large cities from Beirut to Tangiers and to whom cultural and psychological uprootedness is a normal state of being.