TermD-002
Value
Value is anything a person reasonably cares about receiving, keeping, using, or not losing.
stable 2 minUpdated 2026-07-10v1.0
Why it matters
Money is only one kind of value. Time, privacy, access, reputation, convenience, and promised support can matter just as much in a real decision.
A fair review looks at the value people actually expected, not only the price.Exact OETS wordingOpen the citable version
Anything a party reasonably regards as beneficial, useful, necessary, or worth exchanging.
The plain explanation above is the best place to begin. This version is here when precision or citation matters.Meaning in OETS
Value may include goods, services, access, licenses, time, information, opportunity, convenience, support, or risk reduction.
Outcome is not the promise
A trade may involve uncertainty. For example, a legitimate lottery ticket provides a chance to participate, not a guaranteed win.
Transparency
Change history
Meaningful wording changes stay visible.Initial draft.