agreed upon value

USAGE SUMMARY

The phrase "agreed upon value" is correct and usable in written English.
It can be used in contexts where two or more parties have come to a consensus on a specific value, often in legal, financial, or contractual discussions. Example: "The agreed upon value for the property was set at $250,000 after negotiations."

✓ Grammatically correct

Science

News & Media

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

The leader then appends a notification to the heartbeat to notify all followers of the agreed upon value.

Journal of Cloud Computing

The leader then appends a notification to the heartbeat to notify all followers of the agreed upon value.  .

Journal of Cloud Computing

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

Those are products made for a specific audience, which appreciates their agreed-upon value.

The New Yorker

But if Boltanski dies within eight years the gambler will have purchased the work at less than its agreed-upon value, and won.

The New Yorker

As a result of that snafu, prior to any future negotiation, the credit card executive always got his bosses in a room together, got everyone to agree on a walkaway value, and forced everyone to sign a piece of paper agreeing to that final agreed-upon value.

The New York Times

Bitcoin's low-level technical protocol creates a clear and universal measure of agreed-upon value between transacting parties, cutting charges from intermediaries like credit card companies.

TechCrunch

There is no attempt to agree upon values or principles.

Environmental Health: A Global Access Science Source

Its existence is purely symbolic: an exchange medium with a commonly agreed-upon value backed by a government or central bank.

Huffington Post

When teams have a common language, a known set of operational practices and methodologies, and when they operate under a set of agreed-upon values and rules, they can be extremely effective in solving difficult problems.

TechCrunch

At this level, one's view of the world is based on the agreed-upon values of the group to which you belong, preserving personal relationships, receiving approval, avoiding disapproval, and maintaining social order.

Huffington Post

Descriptive relativism, an empirical and methodological position adopted by social anthropologists, relies on ethnographic data to highlight the paucity of universally agreed upon norms, values and explanatory frameworks.

SEP

Expert writing Tips

Best practice

When writing contracts or agreements, clearly define how the "agreed upon value" was determined to avoid future disputes.

Common error

Avoid ambiguous language when specifying the "agreed upon value". Always provide specific details about what the value refers to and how it was calculated to ensure clarity and prevent misunderstandings.

Linguistic Context

The phrase "agreed upon value" functions as a compound adjective modifying the noun "value". It specifies that the value is not arbitrary but has been established through consensus. Ludwig examples show its usage in describing contract terms and Bitcoin protocols.

Expression frequency: Uncommon

Frequent in

Science

34%

News & Media

34%

Formal & Business

11%

Less common in

Wiki

4%

Encyclopedias

1%

Reference

1%

Ludwig's WRAP-UP

The phrase "agreed upon value" is a grammatically correct and usable term in English, as confirmed by Ludwig. It signifies a value that has been mutually accepted, frequently appearing in contexts such as science, news, and media reports. To maintain clarity in contracts or agreements, it is crucial to precisely define how the "agreed upon value" was determined. Alternatives include "mutually accepted valuation" and "consensus-based price". While not exceedingly frequent, its usage in reliable sources suggests its validity in appropriate contexts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

mutually accepted valuation

Replaces "agreed upon" with "mutually accepted" and "value" with "valuation", focusing on the acceptance and assessment.

consensus-based price

Substitutes "agreed upon" with "consensus-based", emphasizing group agreement specifically in a price context.

collectively bargained worth

Highlights collective negotiation leading to the worth, focusing on a labor or union context.

pre-approved valuation

Emphasizes prior approval, often in financial or real estate settings.

jointly determined price

Focuses on the joint effort in setting the price.

uniformly adopted assessment

Indicates that the assessment of something has been adopted by a large group with few or no objections.

acknowledged market price

Refers to a market price widely recognized and accepted.

officially sanctioned price

Replaces agreed upon with a formal term often implying a legality, and replaces value with price.

established monetary amount

Replaces "agreed upon" with "established" and "value" with "monetary amount", highlighting the finality and the monetary context.

contractually stipulated value

Emphasizes the contractual nature of the value agreement.

FAQs

How can I use "agreed upon value" in a sentence?

You can use "agreed upon value" to describe a price or worth that has been decided on by multiple parties, such as in a contract or negotiation. For instance, "The "agreed upon value" of the property was $500,000".

What is another way to express "agreed upon value"?

Alternatives to "agreed upon value" include "mutually accepted valuation", "consensus-based price", or "jointly determined price". The best choice depends on the specific context.

Is it redundant to say "mutually agreed upon value"?

While "mutually agreed upon value" isn't grammatically incorrect, it can be considered slightly redundant. Since "agreed upon" already implies a mutual understanding, using just ""agreed upon value"" is generally sufficient and more concise.

What's the difference between "appraised value" and "agreed upon value"?

"Appraised value" is an expert's assessment of worth, whereas ""agreed upon value"" is a value that parties have negotiated and accepted. The appraised value can inform the agreed upon value, but they aren't always the same.