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LSDefine
Simple English definitions for legal terms
new value
Read a random definition: export letter of credit
A quick definition of new value:
New value: New value refers to a value that is newly given or obtained by taking a security, such as collateral, for any debt other than a preexisting one. It can also refer to a value (such as money) that is newly acquired. In simple terms, new value means something that is recently obtained or given.
A more thorough explanation:
Definition: New value refers to the significance, desirability, or utility of something that is newly given or obtained. It can also refer to the monetary worth or price of something.
Examples:
- When a company introduces a new product, it adds new value to its offerings.
- If you buy a used car and fix it up, you have added new value to the car.
- When a person invests in a stock and the stock price goes up, they have gained new value in their investment.
These examples illustrate how new value can be created or obtained through various means, such as innovation, improvement, or investment.