new value

Definition of "new value"
  1. It refers to anything valuable like money, goods, services, credit, or reestablishing control over previously moved property, which is provided afresh
How to use "new value" in a sentence
  1. The tenant provided new value to the landlord in the form of advanced rent.
  2. The company offered new value to the bank to obtain the loan.
  3. The debtor returned the property to its owner, serving as a new value.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z