valuationrule
nounUK /ˌvæljuˈeɪʃən ruːl/
US /ˌvæljuˈeɪʃən ruːl/
A valuation rule is a rule that tells you how to decide how much something is worth.
The bank uses a valuation rule to figure out the price of the old house.
RELATED WORDS
OTHER MEANINGS
2. A formal regulation that sets how assets must be valued for accounting or tax purposes.
Under the new valuation rule, the company had to report its land at market price.
3. A guideline used in a game or contest to score how valuable each item is.
The valuation rule says a gold coin is worth ten points.
4. A principle for judging the importance or merit of something.
Her valuation rule for art is simple: if it makes her smile, it is valuable.