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Those are products made for a specific audience, which appreciates their agreed-upon value.
An oil reserve, for example, has a generally agreed-upon value, regardless of the company that owns it.
But if Boltanski dies within eight years the gambler will have purchased the work at less than its agreed-upon value, and won.
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.
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.
Its existence is purely symbolic: an exchange medium with a commonly agreed-upon value backed by a government or central bank.
Similar(54)
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.
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.
1. Agreed upon value of the vehicle.
The agreed upon value of a motor vehicle includes the amount of capitalized items such as charges for vehicle accessories and options, and delivery or destination charges.
Where a rate is applied to the future value of leased property, lessors have flexibility in estimating that value, including, but not limited to, using the mathematical average of the agreed upon value and the residual value or published valuation guides; or a lessor could prepare estimates using the agreed upon value and disclose a reasonable estimate of the total fees and taxes.
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CEO of Professional Science Editing for Scientists @ prosciediting.com