Meaning of “extrinsic value” in the English Dictionary

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"extrinsic value" in Business English

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extrinsic valuenoun [ U ]


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.

(Definition of “extrinsic value” from the Cambridge Business English Dictionary © Cambridge University Press)