Value is a personal estimation of worth of some thing, which is held in accordance to an equivalent cost which the subject (person) is willing to pay, at any given time, in exchange for receiving the item valued. – A Selmore defintion
We decided to exercise our literary skill to coin an in-house definition of value…to bring to light some home truths about the meaning of this vitally important word.
To provide understanding on our take regarding the core subject of value, which underpins every page this website.
As you read on, we hope this definition will become a point of reference for you getting…well…
…value from the rest of your journey with us here at, Selmore.
A deep dive into our value definition…
The estimation of worth of anything is subject to the person who is weighing up the item. It belongs to them and is unique.
One person’s value estimation of something therefore is not the same as another’s.
Nor should it be assumed that the valuation of an item by someone today will be identical to their valuation of the same item tomorrow.
There is a ‘how much‘ involved in value. It is a measure and a weight – resulting in a quantity rather than a quality.
Value is not a yes, no answer.
Value results in a person mentally trying on a proposition (deal) for size and suitability. Seeing if it fits.
Only when they can see themselves as the potential possessor, are they then able to see if the offer would really suit them, or not.
Related to a ‘thing’
When we talk value, we are talking directly about something. An object either physical or arrangement/deal/proposal.
To esteem anything, a person must be agreed upon it. Their heart is fixed on their assessment. They are persuaded. This is a deep settlement. Not merely a superficial whim.
However, if conditions surrounding their assessment of value change, so could their estimation of worth.
To verify value, the item being tried must have equivalence, or rather it must be paired up alongside something to which the subject/person (in their thinking) will relate equal value to.
To value something would mean that a person must have in their mind – settled on the fact that to obtain it would mean giving something up. The value of an item or proposal cannot be realised unless something else is released in its stead to give ‘room’ or release for the receipt of the thing desired.
Must be paid for
At the point of acting out the acquisition of the thing valued, the subject/person must actually (tangibly) give up the cost of whatever is agreed.
Both the offer and estimation of value is subject iteself to change. i.e. not continually holding the same value.
Value even expires entirely, if not redeemed.
Gained or given by exchange
Trading is the only way to acquire value.
By definition value is a reward received for giving up the estimated cost of worth by the person making the judgment.