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value received

Line breaks: value re|ceived

Definition of value received in English:

noun

[mass noun] Finance
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.
Example sentences
  • 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.

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