new value
noun
: something of value (as money, goods, services, credit, or release of previously transferred property) that is newly given
Note: A transfer by a debtor to a creditor that is intended as a contemporaneous exchange for new value and not as satisfaction for a preexisting debt may not be avoided by a trustee in bankruptcy as a voidable preference.
Dictionary Entries Near new value
Cite this Entry
“New value.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/new%20value. Accessed 25 Nov. 2024.
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