Application and Value

noun

• The act of bringing something to bear; using it for a particular purpose.
  • usage: "he advocated the application of statistics to the problem"; "a novel application of electronics to medical diagnosis"
  • synonyms: practical application
• A verbal or written request for assistance or employment or admission to a school.
  • usage: "December 31 is the deadline for applications"
• The work of applying something.
  • usage: "the doctor prescribed a topical application of iodine"; "a complete bleach requires several applications"; "the surface was ready for a coating of paint";
  • synonyms: coating, covering
• A program that gives a computer instructions that provide the user with tools to accomplish a task.
  • usage: "he has tried several different word processing applications"
  • synonyms: application program, applications programme
• Liquid preparation having a soothing or antiseptic or medicinal action when applied to the skin.
  • usage: "a lotion for dry skin"
  • synonyms: lotion
• A diligent effort.
  • usage: "it is a job requiring serious application"
  • synonyms: diligence
• The action of putting something into operation.
  • usage: "the application of maximum thrust"; "massage has far-reaching medical applications"; "the application of indexes to tables of data"

• (n.) The act of applying as a means; the employment of means to accomplish an end; specific use.
• (n.) The act of directing or referring something to a particular case, to discover or illustrate agreement or disagreement, fitness or correspondence; as, I make the remark, and leave you to make the application; the application of a theory.
• (n.) Hence, in specific uses: (a) That part of a sermon or discourse in which the principles before laid down and illustrated are applied to practical uses; the "moral" of a fable. (b) The use of the principles of one science for the purpose of enlarging or perfecting another; as, the application of algebra to geometry.
• (n.) A request; a document containing a request; as, his application was placed on file.
• (n.) The capacity of being practically applied or used; relevancy; as, a rule of general application.
• (n.) The act of fixing the mind or closely applying one's self; assiduous effort; close attention; as, to injure the health by application to study.
• (n.) The act of making request of soliciting; as, an application for an office; he made application to a court of chancery.
• (n.) The thing applied.
• (n.) The act of applying or laying on, in a literal sense; as, the application of emollients to a diseased limb.

Application is a request for a loan that includes the information about the potential borrower, the property and the requested loan that the solicited lender needs to make a decision. In a narrower sense, the application refers to a standardized application form called the "1003" which the borrower is obliged to fill out.

1. The system or problem to which a computer is applied. Reference is often made to an application as being either of the computational type (arithmetic computations predominate) or of the data processing type (data handling operations predominate).

noun

• A numerical quantity measured or assigned or computed.
  • usage: "the value assigned was 16 milliseconds"
• The quality (positive or negative) that renders something desirable or valuable.
  • usage: "the Shakespearean Shylock is of dubious value in the modern world"
• The amount (of money or goods or services) that is considered to be a fair equivalent for something else.
  • usage: "he tried to estimate the value of the produce at normal prices"
  • synonyms: economic value
• 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
• Music) the relative duration of a musical note.
  • synonyms: time value, note value
• An ideal accepted by some individual or group.
  • usage: "he has old-fashioned values"

verb

• Fix or determine the value of; assign a value to.
  • usage: "value the jewelry and art work in the estate"
• Hold dear.
  • usage: "I prize these old photographs"
  • synonyms: prize, treasure, appreciate
• Regard highly; think much of.
  • usage: "I respect his judgement"; "We prize his creativity"
  • synonyms: respect, esteem, prize, prise
• Evaluate or estimate the nature, quality, ability, extent, or significance of.
  • usage: "I will have the family jewels appraised by a professional"; "access all the factors when taking a risk"
  • synonyms: measure, evaluate, valuate, assess, appraise
• Estimate the value of.
  • usage: "How would you rate his chances to become President"; "Gold was rated highly among the Romans"
  • synonyms: rate

• (n.) Degree of lightness as conditioned by the presence of white or pale color or their opposites.
• (n.) That property of a color by which it is distinguished as bright or dark; luminosity.
• (n.) Any particular quantitative determination; as, a function's value for some special value of its argument.
• (n.) The valuable ingredients to be obtained by treatment from any mass or compound; specifically, the precious metals contained in rock, gravel or the like; as, the vein carries good values; the values on the hanging walls.
• (n.) Worth estimated by any standard of purchasing power, especially by the market price or the amount of money agreed upon as an equivalent to the utility and cost of anything.
• (v.t.) To raise to estimation; to cause to have value, either real or apparent; to enhance in value.
• (n.) Valor.
• (n.) Precise signification; import; as, the value of a word; the value of a legal instrument.
• (v.t.) To be worth; to be equal to in value.
• (n.) The relative length or duration of a tone or note, answering to quantity in prosody; thus, a quarter note [/] has the value of two eighth notes [/].
• (n.) Esteem; regard.
• (v.t.) To estimate the value or worth, of; to rate at a certain price; to appraise; to reckon with respect to number, power, importance, etc.
• (n.) The property or aggregate properties of a thing by which it is rendered useful or desirable or the degree of such property or sum of properties; worth; excellence; utility; importance.
• (n.) In an artistical composition, the character of any one part in its relation to other parts and to the whole; -- often used in the plural; as, the values are well given or well maintained.
• (v.t.) To rate highly; to have in high esteem; to hold in respect and estimation; to appreciate; to prize; as, to value one for his works or his virtues.

value is the measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability. Cost does not equal value nor does equity. There are various types of value, such as market value, tax assessed value, book value, insurance value, use value, par value, rental value and replacement value. By far, the type of value used for the largest number of real estate transactions is market value.