value

Universal Words noun, verb noun how much sth is worth 1 [U,C] how much sth is worth in money or other goods for which it can be exchanged: to go up / rise / increase in value * to go down / fall / drop in value * rising property values * The winner will receive a prize to the value of ｣1000. * Sports cars tend to hold their value well. seealsoMARKETVALUE, STREETVALUE 2 [U] (especially BrE) how much sth is worth compared with its price: to be good / excellent value (= worth the money it costs) * to be bad / poor value (= not worth the money it costs) * Charter flights give the best value for money. * They're only ｣40-not bad value, really. * This great value-for-money offer is only available to society members. being useful / important 3 [U] the quality of being useful or important: The value of regular exercise should not be underestimated. * The arrival of canals was of great value to many industries. * to be of little / no value to sb * food with a high nutritional / energy value * The story has very little news value. * This ring has great sentimental value for me. * I suppose it has a certain novelty value (= it's interesting because it's new) but you'll soon get bored of it. beliefs 4 (values) [pl.] beliefs about what is right and wrong and what is important in life: cultural / social / moral values * a return to traditional values in education, such as firm discipline * The young have a completely different set of values and expectations. mathematics 5 [C] the amount represented by a letter or symbol: Let y have the value 33. verb [VN] consider important 1 (not used in the progressive tenses) ~ sb/sth (as sth)