Function and Value

noun

• Mathematics) a mathematical relation such that each element of a given set (the domain of the function) is associated with an element of another set (the range of the function. ()
  • synonyms: mathematical function, single-valued function, map, mapping
• What something is used for.
  • usage: "the function of an auger is to bore holes"; "ballet is beautiful but what use is it"
  • synonyms: purpose, role, use
• The actions and activities assigned to or required or expected of a person or group.
  • usage: "the function of a teacher"; "the government must do its part"; "play its role"
  • synonyms: office, part, role
• A relation such that one thing is dependent on another.
  • usage: "height is a function of age"; "price is a function of supply and demand"
• A formal or official social gathering or ceremony.
  • usage: "it was a black-tie function"
• A vaguely specified social event.
  • usage: "the party was quite an affair"; "an occasion arranged to honor the president"; "a seemingly endless round of social functions"
  • synonyms: affair, occasion, social occasion, social function
• A set sequence of steps, part of larger computer program.
  • synonyms: routine, subroutine, subprogram, procedure

verb

• Perform as expected when applied.
  • usage: "The washing machine won't go unless it's plugged in"; "Does this old car still run well"; "This old radio doesn't work anymore"
  • synonyms: work, operate, go, run
• Serve a purpose, role, or function.
  • usage: "The tree stump serves as a table"; "The female students served as a control group"; "This table would serve very well"; "His freedom served him well"; "The table functions as a desk"
  • synonyms: serve
• Perform duties attached to a particular office or place or function.
  • usage: "His wife officiated as his private secretary"
  • synonyms: officiate

• (v.i.) Alternative of Functionate.
• (n.) The course of action which peculiarly pertains to any public officer in church or state; the activity appropriate to any business or profession.
• (n.) A quantity so connected with another quantity, that if any alteration be made in the latter there will be a consequent alteration in the former. Each quantity is said to be a function of the other. Thus, the circumference of a circle is a function of the diameter. If x be a symbol to which different numerical values can be assigned, such expressions as x2, 3x, Log. x, and Sin. x, are all functions of x.
• (n.) The act of executing or performing any duty, office or calling; per formance.
• (n.) The appropriate action of any special organ or part of an animal or vegetable organism; as, the function of the heart or the limbs; the function of leaves, sap, roots, etc.; life is the sum of the functions of the various organs and parts of the body.
• (n.) The natural or assigned action of any power or faculty, as of the soul or of the intellect; the exertion of an energy of some determinate kind.
• (n.) A public or social ceremony or gathering; a festivity or entertainment, especially one somewhat formal.
• (n.) A religious ceremony, especially one particularly impressive and elaborate.

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.