MLchartDataset catalogue

Value

Term · Law · MLC-T-LAW-005137

The monetary worth or utility of an asset, service, or property, determined by market forces, appraisal, or legal assessment. In legal contexts, value can refer to fair market value, assessed value for tax purposes, or the consideration exchanged in a contract. The concept of value is central to property law, contract law, and taxation.

Table 1. Record
IdentifierMLC-T-LAW-005137
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005137",
  "term": "Value",
  "field": "Law",
  "definition": "The monetary worth or utility of an asset, service, or property, determined by market forces, appraisal, or legal assessment. In legal contexts, value can refer to fair market value, assessed value for tax purposes, or the consideration exchanged in a contract. The concept of value is central to property law, contract law, and taxation.",
  "url": "https://mlchart.com/terminology/law/value/"
}

Record 5,261 of 5,441 in Law terminology (MLC-0107). Request the full dataset.