Definitions
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noun 
  1. The quality (positive or negative) that renders something desirable or valuable
The Shakespearean Shylock is of dubious value in the modern world.
  1. The degree of importance you give to something.
  2. The amount (of money or goods or services) that is considered to be a fair equivalent for something else
He tried to estimate the value of the produce at normal prices.
  1. An ideal accepted by some individual or group
He has old-fashioned values.
  1. (music) The relative duration of a musical note.
  2. Relative darkness or lightness of a color; "I establish the colors and principal values by organizing the painting into three values--dark, medium...and light." -Joe Hing Lowe
  3. Numerical quantity measured or assigned or computed; "the value assigned was 16 milliseconds."
verb (valu, ing)
  1. Estimate the value of; "How would you rate his chances to become President?"; "Gold was rated highly among the Romans."
  2. Place a value on; judge the worth of something; "I will have the family jewels appraised by a professional."
  3. Regard highly; think much of.
  4. Fix or determine the value of; assign a value to, as of jewelry or art work.
  5. Hold dear; "I prize these old photographs."

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