redeeming social value test 〈美〉维护社会价值标准 美国最高法院于1966年在《荡妇回忆录》诉麻省〔Memoirs v. Massachusetts〕一案中确立的认定淫秽物品的标准。最高法院认为，对于违反当前社会有关于性的标准的淫秽物品，如果不能维护社会价值，政府可以控制此类物品的发行。但这一标准逐渐被证实很难适用。1973年最高法院在米勒诉加利福尼亚州〔Miller v. California〕一案中修正了有关淫秽的标准，从而明显废止了在《荡妇回忆录》一案中确立的社会价值标准。
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no-bonus clause. Landlord–tenant law. A lease provision that takes effect upon governmental condemnation, limiting the lessee’s damages to the value of any improvements to the property and preventing the lessee from recovering the difference between the lease’s fixed rent and the property’s market rental value. See CONDEMNATION. [Cases: Eminent Domain 155. C.J.S. Eminent Domain §
value received. Consideration that has been delivered. • This phrase is commonly used in a bill of exchange or promissory note to show that it was supported by consideration. [Cases: Bills and Notes 90. C.J.S. Bills and Notes; Letters of Credit § 41.]
An executor’s option of valuating real property in an estate, esp. farmland, at its current use rather than for its highest potential value. [Cases: Internal Revenue 4183; Taxation 895. C.J.S. Internal Revenue § 519; Taxation §§ 1900–1909, 1918–1931, 1941–1944, 1948.]
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The pleasure, comfort, and advantage that a person may derive from the occupancy of land. • The term includes not only the interests that a person may have for residential, agricultural, commercial, industrial, and other purposes, but also interests in having the present-use value of the land unimpaired by changes in its physical condition.
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Real estate. In valuing property, the use that will generate the most profit. • This standard is used esp. to determine the fair market value of property subject to eminent domain. — Often shortened to best use. — Also termed most suitable use. [Cases: Taxation 348(3).]
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The value of an asset after it has become useless to the owner; the amount expected to be obtained when a fixed asset is disposed of at the end of its useful life. • Salvage value is used, under some depreciation methods, to determine the allowable tax deduction for depreciation. And under the UCC, when
full-reporting clause. 1. Insurance. An insurance-policy clause that requires the insured to reveal values and that penalizes the insured if the insured revealed less than required in the policy application. — Also termed honesty clause. [Cases: Insurance 2169.] 2. An insurance-policy clause providing that the indemnity will not exceed the proportion of the loss that
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disability clause. Insurance. A life-insurance-policy provision providing for a waiver of premiums during the policyholder’s period of disability, and sometimes providing for monthly payments equal to a percentage of the policy’s face value. [Cases: Insurance 2035. C.J.S. Insurance §§ 452–453, 556, 732–733, 773, 817, 832–833.]
par value. The value of an instrument or security as shown on its face; esp., the arbitrary dollar amount assigned to a stock share by the corporate charter, or the principal of a bond. — Often shortened to par. — Also termed face amount; face value; nominal value; stated value. [Cases: Corporations 99(3). C.J.S. Corporations