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Array and Value

noun

  • An orderly arrangement.
    • usage: "an array of troops in battle order"
  • An impressive display.
    • usage: "it was a bewildering array of books"; "his tools were in an orderly array on the basement wall"
  • Especially fine or decorative clothing.
  • An arrangement of aerials spaced to give desired directional characteristics.

verb

  • Lay out orderly or logically in a line or as if in a line.
    • usage: "lay out the clothes"; "lay out the arguments"
  • Align oneself with a group or a way of thinking.

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"
  • 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.
  • 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"
  • Regard highly; think much of.
    • usage: "I respect his judgement"; "We prize his creativity"
  • 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"
  • Estimate the value of.
    • usage: "How would you rate his chances to become President"; "Gold was rated highly among the Romans"

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.