for value received
A phrase used in a promissory note, bill of exchange, or other contract to show that some consideration (money or other value) has been given in exchange for whatever the contract requires.
Category: Bankruptcy, Foreclosure & Debt
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

for value received
prep.
   a phrase used in a promissory note, a bill of exchange or a deed to show that some consideration (value) has been given without stating what that payment was.

Law dictionary. . 2013.

Look at other dictionaries:

  • for value received — An admission of the receiving of value by way of consideration. 29 Am J Rev ed Ins § 659. Importing, where used in a contract, that the promisor did receive something of some value. Sullivan v Lear, 23 Fla 463. Importing, where used in a deed, a… …   Ballentine's law dictionary

  • for value received — See value (value received) …   Black's law dictionary

  • for value received — See value (value received) …   Black's law dictionary

  • value received — A formalized recital of consideration without elaboration. 49 Am J1st Stat of F § 373. As the expression is used in a promissory note, it does not necessarily import a consideration in money, and a promise to pay may legally be the consideration …   Ballentine's law dictionary

  • Value received — Value Val ue, n. [OF. value, fr. valoir, p. p. valu, to be worth, fr. L. valere to be strong, to be worth. See {Valiant}.] 1. The property or aggregate properties of a thing by which it is rendered useful or desirable, or the degree of such… …   The Collaborative International Dictionary of English

  • value received — A phrase indicating that a bill of exchange, etc, has been accepted for a valuable consideration • • • Main Entry: ↑value …   Useful english dictionary

  • value received — Words that appear on a bill of exchange to indicate that the bill is a means of paying for goods or services to the value of the bill. However, these words need not appear on a UK bill as everyone who has signed a UK bill is deemed to have been a …   Big dictionary of business and management

  • value — /val yooh/, n., v., valued, valuing. n. 1. relative worth, merit, or importance: the value of a college education; the value of a queen in chess. 2. monetary or material worth, as in commerce or trade: This piece of land has greatly increased in… …   Universalium

  • value — /ˈvælju / (say valyooh) noun 1. that property of a thing because of which it is esteemed, desirable, or useful, or the degree of this property possessed; worth, merit, or importance: the value of education. 2. material or monetary worth, as in… …   Australian English dictionary

  • value — val·ue 1 / val yü/ n 1 a: a fair return or equivalent in goods, services, or money for something exchanged received good value for the price b: valuable consideration at consideration …   Law dictionary

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