See Also: received(dictionary)
VALUE RECEIVED(law)
Received Pronunciation(dictionary)
Dividends-received deduction(money)
Dividends received deduction(finance)
Received for Shipment Bill of Lading(money)
Received for Shipment Bill of Lading(finance)

VALUE RECEIVED (law)


VALUE RECEIVED. This phrase is usually employed in a bill of exchange or promissory note, to denote that a consideration has been given for it. promissory note, to denote that a consideration has been given for it. 2. The expression value received, when put in a bill of exchange, will 2. The expression value received, when put in a bill of exchange, will bear two interpretations: the drawer of the bill may be presumed to bear two interpretations: the drawer of the bill may be presumed to acknowledge the fact that he has received value of the payee; 3 M.