Value in Exchange
Business Dictionary:
Value in Exchange
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Value in Exchange
The giving of money, goods or services in exchange for another good or service provided by another party.
VALUE IN EXCHANGE: The ability to trade an item, especially money, for other goods and services that can then be used to satisfy wants and needs.
Adam Smith struggled with what came to be called the paradox of 'value in use' versus 'value in exchange.' Water is necessary to existence and of enormous value in use; diamonds are frivolous and clearly not essential.
An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later date.
2.
Value in continued use, as a going concern.
Value in place, as an assemblage of assets.
Value in exchange, as an orderly disposition.
Value in exchange, as a forced liquidation.
NONEXCHANGE TRANSACTIONS - A transaction in which a government either gives value (benefit) to another party without directly receiving equal value in exchange or receives value (benefit) from another party without directly giving equal value in ...
The division into "value in use" and "value in exchange" makes a clear distinction between what would now be called "value" and "price" or "capital value" and "commodity value", in constrast to the denial of intrinsic values separate from prices in, ...
The same property may have a different market value (value in exchange) equal to the amount of other property exchanged for the property when many typically motivated buyers and sellers are allowed to interact.
GIFT TAX Under the Unified Federal Estate and Gift Transfer Tax System a tax levied on the transfer of property without payment or other value in exchange.
 See also: Feedback, Tip, Perfect competition, Value in use, Long-run
  
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