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English definition of “extrinsic value”

extrinsic value

noun [U]
 
 
FINANCE
the value of something based on such things as appearance or what it could be sold for, which may not be its real value: A day trader's notion of value is determined by what another trader will pay a few moments later; it is extrinsic value.
→ Compare intrinsic value
(Definition of extrinsic value from the Cambridge Business English Dictionary © Cambridge University Press)
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