For Value Received Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of For Value Received, written in plain English, along with examples of how it is used.

What is For Value Received?

(prep) For Value received is the phrase used to acknowledge the receipt of compensation for which the present action is taken, whereby it makes a valid and enforceable contract. The phrase is used while giving promissory notes, deed etc.