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English definition of “value”

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value

noun uk   /ˈvæl.juː/ us  

value noun (MONEY)

B1 [C or U] the amount of money that can be received for something: She had already sold everything of value that she possessed. What is the value of the prize? The value of the pound fell against other European currencies yesterday. Property values have fallen since the plans for the airport were published. I thought the offer was good value (for money) ( US also a good value) (= a lot was offered for the amount of money paid).
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value noun (IMPORTANCE)

[S or U] the importance or worth of something for someone: For them, the house's main value lay in its quiet country location. They are known to place/put/set a high value on good presentation.B1 [U] how useful or important something is: The photos are of immense historical value. His contribution was of little or no practical value. The necklace had great sentimental value. It has novelty value because I've never done anything like it before.values [plural]
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B2 the beliefs people have about what is right and wrong and what is most important in life, which control their behaviour: family/moral/traditional values
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value

verb [T] uk   /ˈvæl.juː/ us  

value verb [T] (MONEY)

C2 UK ( US appraise) to give a judgment about how much money something might be sold for: He valued the painting at $2,000. The insurance company said I should have my jewellery valued.
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value verb [T] (IMPORTANCE)

B2 to consider something important: I've always valued her advice.
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(Definition of value from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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