Legal Dictionary
Main Entry:
val·u·a·tionPronunciation:
"val-yu-'wA-sh&nFunction:
noun 1 : the act or process of valuing
valuation of the assets and liabilities of a state pension fund>; specifically : appraisal of property <valuation of marital property is a factual finding that will not be upset unless clearly erroneous —Jensen v. Jensen, 458 North Western Reporter, Second Series 391 (1990)>
2 : the estimated or determined value (as market value) of a thing valuation of property in the district>