Variable and Value

noun

• Something that is likely to vary; something that is subject to variation.
  • usage: "the weather is one variable to be considered"
• A quantity that can assume any of a set of values.
  • synonyms: variable quantity
• A star that varies noticeably in brightness.
  • synonyms: variable star
• A symbol (like x or y) that is used in mathematical or logical expressions to represent a variable quantity.

adjective

• Liable to or capable of change.
  • usage: "rainfall in the tropics is notoriously variable"; "variable winds"; "variable expenses"
• Marked by diversity or difference.
  • usage: "the varying angles of roof slope"; "nature is infinitely variable"
  • synonyms: varying
• Used of a device) designed so that a property (as e. G. Light) can be varied. (
  • usage: "a variable capacitor"; "variable filters in front of the mercury xenon lights"

• (n.) Those parts of the sea where a steady wind is not expected, especially the parts between the trade-wind belts.
• (n.) That which is variable; that which varies or is subject to change.
• (a.) Liable to vary; too susceptible of change; mutable; fickle; unsteady; inconstant; as, the affections of men are variable; passions are variable.
• (n.) A quantity which may increase or decrease; a quantity which admits of an infinite number of values in the same expression; a variable quantity; as, in the equation x2 - y2 = R2, x and y are variables.
• (a.) Having the capacity of varying or changing; capable of alternation in any manner; changeable; as, variable winds or seasons; a variable quantity.
• (n.) A shifting wind or one that varies in force.

Variable is an element in a model. For example, in the model RS&Pt+1 = a + b Tbill t + et, where RS&Pt+1 is the return on the S&P in month t+1 and Tbill is the Tbill return at month t, both RS&P and Tbill are "variables" because they change through time; i. E., they are not constant.

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.