Hierarchy classification:

1. top of the aat hierarchies
2. Associated Concepts Facet
3. Associated Concepts (hierarchy name)
4. social science concepts
5. economic concepts

Narrower term/s

• land valuation [NP]
• contingent valuation [NP]
• insurance valuation [NP]

Anotations

Scope note:

The worth of a thing based on estimating or fixing the monetary value. Valuation is not tied only to the market value of the thing; it may record the cost or price paid for the thing, or calculate intangibles such as scarcity, popularity, and the likelihood of value increasing. For the records of valuation, use "appraisals (financial records)."