1. An amount, as of goods, services, or money, considered to be a fair and suitable equivalent for something else; a fair price or return. 2. Monetary or material worth: the fluctuating value of gold and silver. 3. Worth in usefulness or importance to the possessor. 4. A principle or standard, as of behavior, that is considered important or desirable. 5. Precise meaning or import, as of a word. 6. A quantity or number expressed by an algebraic term. 7. The quality (positive or negative) that renders something desirable or valuable. 2. The degree of importance given to something. 8. That which is valued or highly esteemed, as one’s morals, morality, or belief system.