Value received

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VALUE RECEIVED. This phrase is usually employed in a bill of exchange or promissory note, to denote that a consideration has been given for it.
     2. The expression value received, when put in a bill of exchange, will bear two interpretations: the drawer of the bill may be presumed to acknowledge the fact that he has received value of the payee; 3 M. & S. 351; or when the bill has been made payable to the order of the drawer, it implies that value has been received by the acceptor. 5 M. & S. 65. In a promissory note, the expression imports value received from the payee. 5 B. & C. 360.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
He helps them shift their focus onto the value received for those fees.
In this paper, we propose indoor location tracking method using RSSI(Received Signal Strength Indicator) value received from BLE(Bluetooth Low Energy) beacon.
Straight Path agreed to pay the FCC 20% of the value received from a sale of its spectrum assets.
The court then explained that the error made by the Dorrances and the district court was that they both assumed that the value received at the time of demutualization (i.e., the shares of stock) by the Dorrances was somehow linked to the premiums they had paid.
Total enterprise value received from the sales, mainly also including the elimination of associated noncontrolling interests in Tower's net assets, totaled USD 88m.
Total enterprise value received from the sales, mainly also including the elimination of associated non-controlling interests in the company's net assets was around USD88m.
In terms of value received the arts, culture and humanities jumped three places up the list and received over half a billion dollars more as a sector than in the previous year.
The value received by Porter in this transaction was USD3.61 per share issued (USD4,330,000 / 1,200,000 shares).
* The renewable energy certificate value received by power generators is low.
- The total value received by PJOE under the confirmed and effective orders since July 2014 is approximately RMB4.2 billion;
The trustee maintains that PDCM provided the alleged new value 'mostly postpetition,' thereby rendering the defense unavailable according to the majority of court decisions, or, alternatively, that the new value received pre-petition was insufficient to cover the full amount of the preferential transfers.