Extrinsic value

Extrinsic value

Extrinsic value is value which arises because of an agreement: Although the intrinsic value of a €100 note is not much more than the value of any similar piece of paper with a pretty picture on it, it has a practical value (an extrinsic value) of €100. If its issuing authority were to fail to honor the note's value, it would soon become nearly worthless.

ee also

* Intrinsic value
* Value


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Extrinsic Value — The difference between an option s market price and its intrinsic value. In theory, options should not trade above their intrinsic value due to the time value associated with option pricing. Extrinsic value is also the portion of an item s worth… …   Investment dictionary

  • extrinsic value — The amount of money option buyer are willing to pay for an option in the anticipation that, over time, a change in the underlying futures price will cause the option to increase in value. In general, an option premium is the sum of time value and …   Financial and business terms

  • Extrinsic value (ethics) — The idea that something has value only because of outside factors. It is an end to a means.ExampleWork is, by many, considered to have extrinsic value. We work because we need money in order to survive.ee also*Intrinsic value (ethics) *Value… …   Wikipedia

  • extrinsic — extrinsic, extraneous, foreign, alien are comparable when they mean external to something or someone or to the true nature or original character of such thing or person. Extrinsic applies to something which is distinctly outside the thing in… …   New Dictionary of Synonyms

  • Value — may refer to: *Value (mathematics), the value of a variable in mathematics. *Value (philosophy), the degree of importance, including the value independent on subjective valuations by any individual *Value (personal and cultural), the principles,… …   Wikipedia

  • extrinsic — exterior, external, extraneous, extrinsic 1. The four words are related, and all have meanings based on outside. Exterior and external both refer to the outside of things in contrast to the inside • (Most manufacturers describe their exterior… …   Modern English usage

  • value — The importance placed on something by an individual. Value is subjective and may change according to the circumstances. Something that may be valued highly at one time may be valued less at another time. The CENTER ONLINE Futures Glossary * * * ▪ …   Financial and business terms

  • Value theory — encompasses a range of approaches to understanding how, why and to what degree people should value things; whether the thing is a person, idea, object, or anything else. This investigation began in ancient philosophy, where it is called axiology… …   Wikipedia

  • Value (ethics) — For other uses, see Value (disambiguation). In ethics, value is a property of objects, including physical objects as well as abstract objects (e.g. actions), representing their degree of importance. Ethic value denotes something s degree of… …   Wikipedia

  • Value (philosophy) — Philosophic or ethic value is a property of objects, including physical objects as well as abstract objects (e.g. actions), representing their degree of importance. The study of it is included in value theory.An object with ethic or philosophic… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”