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new value n
: 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.
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.