for value received


for value received
A phrase used in a promissory note, bill of exchange, or other contract to show that some consideration (money or other value) has been given in exchange for whatever the contract requires.
Category: Bankruptcy, Foreclosure & Debt
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

for value received
prep.
   a phrase used in a promissory note, a bill of exchange or a deed to show that some consideration (value) has been given without stating what that payment was.

Law dictionary. . 2013.

Look at other dictionaries:

  • for value received — See value (value received) …   Black's law dictionary

  • Value received — Value Val ue, n. [OF. value, fr. valoir, p. p. valu, to be worth, fr. L. valere to be strong, to be worth. See {Valiant}.] 1. The property or aggregate properties of a thing by which it is rendered useful or desirable, or the degree of such… …   The Collaborative International Dictionary of English

  • value received — Words that appear 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. However, these words need not appear on a UK bill as everyone who has signed a UK bill is deemed to have been a …   Big dictionary of business and management

  • value — /val yooh/, n., v., valued, valuing. n. 1. relative worth, merit, or importance: the value of a college education; the value of a queen in chess. 2. monetary or material worth, as in commerce or trade: This piece of land has greatly increased in… …   Universalium

  • value — /ˈvælju / (say valyooh) noun 1. that property of a thing because of which it is esteemed, desirable, or useful, or the degree of this property possessed; worth, merit, or importance: the value of education. 2. material or monetary worth, as in… …   Australian English dictionary

  • value — val·ue 1 / val yü/ n 1 a: a fair return or equivalent in goods, services, or money for something exchanged received good value for the price b: valuable consideration at consideration …   Law dictionary

  • Value added — refers to the additional value of a commodity over the cost of commodities used to produce it from the previous stage of production. An example is the price of gasoline at the pump over the price of the oil in it. In national accounts used in… …   Wikipedia

  • Value — Val ue, n. [OF. value, fr. valoir, p. p. valu, to be worth, fr. L. valere to be strong, to be worth. See {Valiant}.] 1. The property or aggregate properties of a thing by which it is rendered useful or desirable, or the degree of such property or …   The Collaborative International Dictionary of English

  • value — Synonyms and related words: Munsell chroma, accent, accord respect to, account, admire, adore, advantage, advantageousness, affective meaning, agreeableness, apotheosize, appraisal, appraise, appreciate, apprize, arrangement, ascribe importance… …   Moby Thesaurus


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