assign a monetary value

USAGE SUMMARY

The phrase "assign a monetary value" is correct and usable in written English.
You can use it when discussing the process of determining the financial worth of an item, service, or asset. Example: "In order to sell the artwork, we need to assign a monetary value to it based on its condition and market demand."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

16 human-written examples

Academic work has shown that consumers value privacy enough to assign a monetary value to it when making purchases.

University of California, Berkeley

The study's authors acknowledged that their work was observational and that they were unable to assign a monetary value to any of the relationships they found.

The New York Times

This is why appraisers at museum identification days do not assign a monetary value to the objects brought in by the public.

The New York Times - Arts

Accounting and finance just haven't worked out how to value these people in the same way that they can assign a monetary value to an enterprise software system or a fleet of lorries.

The Guardian

Easy to assign a monetary value?

European Transport Research Review

Google can then assign a monetary value to both these "last interaction" and "assisted" conversions.

TechCrunch

Human-verified similar examples from authoritative sources

Similar Expressions

44 human-written examples

Each hole was assigned a monetary value and the golfer who won the hole with the best score won the money for the hole.

The Washington Post

This summer, Lee Lorenzen, a venture capitalist in Monterey, Calif., who describes himself as "the first Facebook-only V.C.," started a $25 million Facebook investment fund and introduced a Web tool, at Adanomics.com, that assigns a monetary value to Facebook applications.

The New York Times - Tech

The second desires new rules and institutions to foster integrated management approaches, as well as more robust economic instruments capable of assigning a monetary value to stormwater, as critical to resolving stormwater problems.

Cities

Further analysis to determine whether values differ according to whether or not the visitor assigns a monetary value to the green space showed higher environmental and social awareness to be associated with higher willingness to pay for peri-urban green space.

Tourism Management

The wetland created may be assigned a monetary value in an Irish context of approximately €125,000 (DTZ Sherry Fitzgerald 2014).

Journal of Shipping and Trade

Expert writing Tips

Best practice

When using "assign a monetary value", ensure the criteria and methodology for valuation are transparent and justifiable, especially when dealing with intangible assets or benefits.

Common error

Avoid solely focusing on monetary values without considering qualitative factors. While it's important to "assign a monetary value", neglecting non-financial aspects can lead to incomplete or skewed assessments.

Linguistic Context

The phrase "assign a monetary value" functions as a verbal phrase indicating the act of appraising or evaluating something in financial terms. According to Ludwig AI, this phrase is grammatically correct and serves to describe the process of determining the financial worth of an item, service, or asset.

Expression frequency: Uncommon

Frequent in

Science

40%

News & Media

30%

Formal & Business

15%

Less common in

Academia

5%

Wiki

5%

Encyclopedias

5%

Ludwig's WRAP-UP

In summary, "assign a monetary value" is a grammatically sound and professionally appropriate phrase used to describe the process of appraising or evaluating something in financial terms. Ludwig AI confirms its correct usage, highlighting its relevance in various contexts, including science, news, and business. While the phrase is useful, it's important to acknowledge ethical implications and consider non-monetary factors. Alternatives like "determine the monetary worth" or "establish a price" can be used depending on the specific context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Determine the monetary worth

Emphasizes the process of finding the value.

Establish a price

Focuses on setting a specific price point.

Set a financial value

Highlights the financial aspect of the valuation.

Appraise the value

Implies a formal assessment of value.

Evaluate the cost

Centers on the cost aspect of something.

Put a price on

Informal way to express assigning a value.

Quantify in monetary terms

Focuses on expressing value in monetary units.

Monetize the asset

Refers to converting something into monetary form.

Value in currency

Highlights expressing value in a specific currency.

Cost estimation

Focuses on projecting the cost of something.

FAQs

How can I use "assign a monetary value" in a sentence?

You can use "assign a monetary value" when you want to express the action of appraising or evaluating something in terms of money. For example, "The company needed to "assign a monetary value" to its intellectual property for the merger."

What are some alternatives to "assign a monetary value"?

Alternatives to "assign a monetary value" include "determine the monetary worth", "establish a price", or "set a financial value" depending on the specific context.

What considerations are important when assigning a monetary value?

Important considerations include the object's market value, historical significance, condition, and potential future earnings. A professional appraiser should be consulted for accuracy.

Is it always appropriate to "assign a monetary value" to something?

While useful for economic analysis and decision-making, assigning monetary value can be problematic when dealing with human life or intangible assets, as these often involve ethical considerations that cannot be easily quantified.