Refers to the monetary value or assessed worth of something, often in formal, financial, or legal settings.
The insurance company assessed the value of the damage.
Even experts find it difficult to determine the value of this painting.
appraised value; estimated value; assessment
insurable value
residual value; scrap value; memorandum value
standard price; base price; reference price
taxable amount; assessed value
minimum purchase price (compulsory auction); opening bid; starting bid
Compound of 価 (value) and 額 (amount). The exact historical derivation is uncertain, but the spelling is conventionally associated with assessed monetary value.