Pronunciation: (val"yOO-ā'shun), [key]
1. the act of estimating or setting the value of something; appraisal.
2. an estimated value or worth.
3. the awareness or acknowledgment of the quality, nature, excellence, or the like of something: public valuation of the importance of education.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.