for value received

Definition of "for value received"
  1. A phrase indicating an exchange of something valuable like money or property in a contract
How to use "for value received" in a sentence
  1. The promissory note stated 'for value received', implying he received something in exchange for his promise to pay.
  2. In the bill of exchange, 'for value received' conveyed that the exporter had provided goods.
  3. The acknowledgment of 'for value received' in the contract confirmed the tradeoff.
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