Definition of value noun from the Oxford Advanced American Dictionary

      

    value

     noun
    noun
    NAmE//ˈvælyu//
     
     
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    how much something is worth
  1. 1 [uncountable, countable] how much something is worth in money or other goods for which it can be exchanged to go up/rise/increase in value to go down/fall/drop in value rising property values Sports cars tend to hold their value well. see also market value, street value Thesauruspricecost value expense worthThese words all refer to the amount of money that you have to pay for something.price the amount of money that you have to pay for an item or a service:house prices These shoes don't have a price on them. I can't afford it at that price.cost the amount of money that you need in order to buy, make, or do something:A new computer system has been installed at a cost of $180,000.value how much something is worth in money or other goods for which it can be exchanged:Sports cars tend to hold their value well. Value can also mean how much something is worth compared with its price:This restaurant is an excellent value (= is worth the money it costs).price, cost, or value?The price is what someone asks you to pay for an item or service:to ask/charge a high price to ask/charge a high cost/value. Obtaining or achieving something may have a cost; the value of something is how much other people would be willing to pay for it:house prices the cost of changing jobs The house now has a market value of one million dollars.expense the money that you spend on something; something that makes you spend money:The garden was expanded at great expense. Owning a car is a major expense.worth the financial value of someone or something:He has a personal net worth of $10 million. Worth is more often used to mean the practical or moral value of something.Patterns the high price/cost/value the real/true price/cost/value/worth to put/set a price/value >on>something to increase/reduce the price/cost/value/expense to raise/double/lower the price/cost/value to cut the price/cost
  2. 2 [countable, uncountable] how much something is worth compared with its price to be a good/an excellent value (= worth the money it costs) to be a bad/a poor value (= not worth the money it costs) Larger sizes give the best value for your money. They're only $40 — not a bad value, really.
  3. being useful/important
  4. 3[uncountable] the quality of being useful or important synonym benefit The value of regular exercise should not be underestimated. The arrival of canals was of great value to many industries. to be of little/no value to someone This ring has great sentimental value for me. I suppose it has a certain novelty value (= it's interesting because it's new). food with a high nutritional value The story has very little news value.
  5. beliefs
  6. 4values [plural] beliefs about what is right and wrong and what is important in life moral values a return to traditional values in education, such as firm discipline The young have a completely different set of values and expectations.
  7. mathematics
  8. 5[countable] the amount represented by a letter or symbol Let x have the value 33.
  9. Word Familyvalue noun verbvaluable adjectiveinvaluable adjective (valueless)valuables noun
See the Oxford Advanced Learner's Dictionary entry: value