Definition of value noun from the Oxford Advanced Learner's Dictionary

value

noun

OPAL W OPAL S

/ˈvæljuː/

Word Family

value noun verb
valuable adjective
invaluable adjective (≠ valueless)

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how much something is worth

[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/decline in value
rising property values
The value of the shares has continued to fall.
to the value of something The winner will receive a prize to the value of £1 000.
of value Don't leave anything of value in the car.
Sports cars tend to hold their value well.

Synonyms pricepricecost ▪ 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 service:

house prices
How much are these? They 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 £80 000.

value how much something is worth in money or other goods for which it can be exchanged:

The winner will receive a prize to the value of £1 000.

Especially in British English, value can also mean how much something is worth compared with its price: This restaurant is excellent value (= is worth the money it costs). price, cost or value?The price is what somebody 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 moving house • The house now has a market value of one million pounds. expense the money that you spend on something; something that makes you spend money:

The garden was transformed at great expense.
Running a car is a big expense.

worth the financial value of somebody/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

Extra Examples

Dramatic developments on the stock market tripled the value of his shares.
It's hard to put a value on a company with large assets and turnover but low profits.
Jewellery to the value of a million pounds was stolen last night.
Paintings to the value of two million euros were stolen last night.
Regular servicing will add to the resale value of your PC.
The land has dropped in value.
The piano has held its value.
They were accused of artificially inflating the value of the company's securities.
Use current market values to determine the worth of your assets.
a residual value of 10% of its original cost
a share with a nominal value of $50
the high value of the dollar
London property values are rising fast.

Topics Moneyb1, Shoppingb1

Oxford Collocations Dictionaryadjective

high
low
full
…

verb + value

place
put
set
…

value + verb

double
triple
etc.
…

preposition

in value
to the value of

phrases

an increase in value
a rise in value
a drop in value
…

See full entry

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[uncountable] (especially British English) how much something is worth compared with its price

to be good/great value (= worth the money it costs)
to be bad/poor value (= not worth the money it costs)
Larger sizes give the best value for money.
The hotel gives value for money.
They're only £40—not bad value, really.
This great value-for-money offer is only available to society members.