for value received

for value received
A phrase used in a promissory note, bill of exchange, or other contract to show that some consideration (money or other value) has been given in exchange for whatever the contract requires.
Category: Bankruptcy, Foreclosure & Debt
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

for value received
prep.
   a phrase used in a promissory note, a bill of exchange or a deed to show that some consideration (value) has been given without stating what that payment was.

Law dictionary. . 2013.

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