Also known as: value received · currency clause
Written by attorneys · grounded in primary & secondary sources — see below
A measure of worth or value. In the context of currency, the comparative worth of one nation's money against the money of another country.
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Valentin converts dollars to euros for a European purchase. The bank applies the current valuta of the dollar against the euro. When the dollar's valuta falls overnight, Valentin receives fewer euros than expected and must adjust his budget.
Vega Motors agrees to pay a Japanese supplier in yen for parts. The contract fixes the price using the valuta of the yen at signing. A sudden rise in the yen's valuta increases Vega Motors' dollar cost, forcing renegotiation of payment terms.
Vanessa Vega invests in a Brazilian fund denominated in reais. She tracks the valuta of the real against the dollar to measure her return. Depreciation of the real's valuta reduces her dollar profit even though the fund itself gained value.
Virgil Volpe borrows in Swiss francs to finance a U.S. project. He repays using dollars converted at the prevailing valuta. An increase in the franc's valuta raises the dollar amount needed for repayment and increases his effective interest cost.
Valuta measures the worth of one currency expressed in units of another currency. It determines how many units of the second currency equal one unit of the first at a given time.
Supporting sources
A decline in the paying party's home currency valuta increases the home-currency cost of the foreign obligation. The party must exchange more domestic units to obtain the required foreign amount.
Supporting sources
Valuta refers to any comparative value between currencies, whether set by market trading, bank quotes, or contractual stipulation. The term focuses on relative worth rather than the source of the rate.
Supporting sources
…a parol promise; it stands, then, upon the same footing as a written one. Suppose the defendant had given his note in which, for value received of Holly, he had promised to pay the plaintiff and the plaintiff had accepted the promise, retaining Holly's liability. Clearly Holly could not have discharged that promise. No one can…