stated value
noun[CorU]
INSURANCE,PROPERTYukusanamountthat you sayyourpropertyisworthwhen youbuyinsuranceand which is themaximumamounttheinsurerwillpayifyourpropertyislost,damaged, orstolen:
Thegalleryisresponsiblefor thestatedvalueof theworkin theeventoflossordamagewhile theworkis initspossession.
Myinsurerhasrefusedtopaythestatedvalueof mypolicy.
Compare
agreed value
market value
ACCOUNTING,STOCK MARKET
thevaluethat is given to a company'ssharesforaccountingpurposes, which may be different fromitsmarketvalue:
If theoptionshave astatedvalue, then theyriskbeingtaxedas abenefitinkindwhen they areawarded.
In May, thedebentureswereconvertedinto 100,000sharesof the Company's Convertible Preferred Stock having anaggregatestatedvalueof $3,500,000.
Compare
market value
par value