VALUE, noun val'u. [Latin valor, from valeo, to be worth.]
1. Worth; that property or those properties of a thing which render it useful or estimable; or the degree of that property or of such properties. The real value of a thing is its utility, its power or capacity of procuring or producing good. Hence the real or intrinsic value of iron, is far greater than that of gold. But there is, in many things, an estimated value depending on opinion or fashion, such as the value of precious stones. The value of land depends on its fertility, or on its vicinity to a market, or on both.
2. Price; the rate of worth set upon a commodity, or the amount for which a thing is sold. We say, the value of a thing is what it will bring in market.
3. Worth; applied to persons.
Ye are all physicians of no value Job 13:4.
Ye are of more value than many sparrows. Matthew 10:31.
4. High rate.
Caesar is well acquainted with your virtue, and therefore sets this value on your life.
5. Importance; efficacy in producing effects; as considerations of no value
Before events shall have decided on the value of the measures.
6. Import; precise signification; as the value of a word or phrase.
VALUE, verb transitive val'u.
1. To estimate the worth of; to rate at a certain price; to apprise; as, to value lands or goods.
2. To rate at a high price; to have in high esteem; as a valued poem or picture. A man is apt to value his own performances at too high a rate; he is even disposed to value himself for his humility.
3. To esteem; to hold in respect and estimation; as, to value one for his works or virtues.
4. To take account of.
The mind doth value every moment.
5. To reckon or estimate with respect to number or power.
The queen is valu'd thirty thousand strong.
6. To consider with respect to importance.
The king must take it ill, so slightly valu'd in his messenger.
Neither of them valued their premises according to the rules of honor or integrity.
7. To raise to estimation.
Some value themselves to their country by jealousies to the crown. [Not in use.]
8. To be worth. [Not in use.]