valuation

Everyday

1. A valuation is an expert's decision about how much money something is worth. tree →
2. Valuation can mean how much you think something or someone is worth in a general way. tree →

In the lessons

In money matters, before a house is sold or a mortgage is given, a surveyor makes a valuation. An antique expert gives a valuation of an old vase. In maths word problems, a valuation is a number of pounds or dollars that something is worth, not what it was sold for.

Examples

• The expert gave a valuation of £500 for the old clock. tree →
• The bank needed a valuation of the house. tree →
• Grandma's ring had a high valuation. tree →
• We had the painting valued, and the valuation surprised us. tree →
• His own valuation of his skill was too high. tree →
• The valuation of the company went up. tree →

Note

Countable. Verb: value, valued. A valuation is an estimate of worth; the actual price paid can be higher or lower.

In Jewish tradition

In Leviticus 27 it is the priest's set price for a person or thing given to God, counted in silver shekels.

Interpretation. The rabbis explain that a person who vows his "worth" to the Temple pays by a fixed scale of age and sex, not by his real value. It shows that every person is of value.

Examples

• And if it be a female, then thy valuation shall be thirty shekels. (Torah LEV.27.4, JPS 1917) tree →
• If he sanctify his field from the year of jubilee, according to thy valuation it shall stand. (Torah LEV.27.17, JPS 1917) tree →
• But if he will indeed redeem it, then he shall add the fifth part thereof unto thy valuation. (Torah LEV.27.13, JPS 1917) tree →

Note

Countable. Verb: value, valued. A valuation is an estimate of worth; the actual price paid can be higher or lower.