Valuation

n.	1.	The act of valuing, or of estimating value or worth; the act of setting a price; estimation; appraisement; as, a valuation of lands for the purpose of taxation.
	2.	Value set upon a thing; estimated value or worth; as, the goods sold for more than their valuation. Since of your lives you set So slight a valuation. - Shak.

Noun	1.	valuation - an appraisal of the value of something; "he set a high valuation on friendship" Synonyms: rating, evaluation
	2.	valuation - assessed price; "the valuation of this property is much too high"

VALUATION. The act of ascertaining the worth of a thing; or it is the estimated worth of a thing.
     2. It differs from price, which does not always afford a true criterion of value, for a thing may be bought very dear or very cheap. In some contracts, as in the case of bailments or insurances, the thing bailed or insured is sometimes valued at the time of making the contract, so that if lost, no dispute may arise as to the amount of the loss. 2 Marsh. Ins. 620; 1 Caines, 80; 2 Caines 30; Story, Bailm. Sec. 253, 4; Park Ins. 98; Wesk. Ins. h.t.; Stev. on Av. part 2; Ben. on Ins. ch. 4.

damage, price, terms