ˌvalyəˈwāshən noun
( -s )
Etymology: Middle French, from valuer to value (from value, n.) + -ation
1. : the act or process of valuing or of estimating value or worth: as
a. : the act or process of setting or determining the price of something : appraisal
b. : the determination of the present value of a life insurance policy as measured by the difference between the present value of the benefits promised and the present value of all the premiums expected to be received on the policy
2. : the value or price set upon something as its estimated or determined market value
if the final bid is below the reserve valuation of the wool, the sale may be closed
the property is valued by local assessors … to determine the valuation on which the owners' tax obligations shall be computed — F.A.Ogg & P.O.Ray
3. : the appreciation or usually personal estimation of the merit, excellence, or character of something
the private valuation of a person's worth — M.O.Purcell
children whose valuation of fighting is simple and absolute — Margaret Mead
the traditional British valuation of high scholastic attainment — A.T.M.Wilson