Simple English definitions for legal terms
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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.
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:
These examples illustrate how new value can be created or obtained through various means, such as innovation, improvement, or investment.