boldness or determination in facing great danger, especially in battle; heroic courage; bravery: a medal for valor.
Also, especially British, valour.

1350–1400; Middle English valo(u)r < Anglo-French; Middle French valeur < Late Latin valōr-, stem of valor worth, equivalent to Latin val(ēre) to be of worth + -or -or1

intrepidity, spirit. See courage.

cowardice. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
valour or valor (ˈvælə)
courage or bravery, esp in battle
[C15: from Late Latin valor, from valēre to be strong]
valor or valor
[C15: from Late Latin valor, from valēre to be strong]
'valorous or valor
'valorously or valor

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

c.1300, "value, worth," from O.Fr. valour "strength, value, valor," from L.L. valorem (nom. valor) "value, worth," from stem of L. valere "be worth, be strong" (see valiant). The meaning "courage" is first recorded 1581, from It. valore, from the same L.L. word. (The M.E.
word also had a sense of "worth or worthiness in respect of manly qualities").

British spelling of valor (q.v.); for suffix, see -or.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Sometimes, after all, discretion really is the better part of valour.
And great kingship was built on the effective display of martial valour.
Usually, self-preservation overcomes valour, and towns and villages fall
  without a fight.
It is no answer to cite the reputed valour of all the modern warriors who are
  so scientifically trained.
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