Definition

Noun: The amount of money something is considered to be worth; its financial worth or price, often determined by what it would cost to acquire or what it would bring if sold.

Usage

"Monetary value" is used to describe the financial worth assigned to an object, service, or asset. It is a quantifiable measure, typically expressed in a specific currency. This term is central to economics, commerce, and finance.

Examples

• The monetary value of the rare stamp collection was appraised at over one million dollars.
• Insurance companies must accurately estimate the monetary value of a property to provide adequate coverage.
• Sentimental items often have a high personal value but little monetary value.

Advanced Usage

• Store of value: A function of money where an asset, like gold, maintains its monetary value over time.
  • Investors often buy gold as a reliable store of value.
• To place/put a monetary value on something: To assign a specific financial worth to something, sometimes used figuratively for intangible things.
  • It's difficult to put a monetary value on a good reputation.

Variants and Related Words

• Value (noun): The regard that something is held to deserve; its importance, worth, or usefulness. (Note: "Value" is a broader term that can include non-financial worth).
• Monetary (adjective): Relating to money or currency.
  • The country is facing monetary policy challenges.

Synonyms

• Financial worth
• Market price
• Cost
• Price

Related Phrases

• Face value: The nominal value printed on a coin, banknote, or security.
  • The coin's face value is one dollar, but its collectible value is much higher.
• Cash value: The amount of money available in a savings plan or life insurance policy.
  • You can borrow against the cash value of your whole life insurance policy.

Noun

1. the property of having material worth (often indicated by the amount of money something would bring if sold)
   • the fluctuating monetary value of gold and silver
   • he puts a high price on his services
   • he couldn't calculate the cost of the collection