New Value
Legal definition for Indian law research
Definition
new value
: something of value (as money, goods, services, credit, or release of previously transferred property) that is newly given NOTE: A transfer by a debtor to a creditor that is intended as a contemporaneous exchange for new value and not as satisfaction for a preexisting debt may not be avoided by a trustee in bankruptcy as a voidable preference.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.