Meaning of value received in English:

value received


mass nounFinance
  • Used on a bill of exchange to indicate that the bill is a means of paying for goods or services to the value of the bill.

    ‘The issue of bonus shares is not regarded as value received if the individual shareholding is not increased.’
    • ‘At some point, the industry will arrive at a more rational basis for charging for software, one that truly reflects customers' actual usage and value received.’
    • ‘He submits that value received may be looked at as the 2,409 hours of the plaintiff's time multiplied by her consultation fee rate, as determined in her previous business, of $75.00 per hour.’
    • ‘And, of course, one needs to ensure that in giving credit for value received that one is dealing with the same interest.’
    • ‘Nor should paying a fair price for value received cause people to feel contempt or resentment.’