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Definition of Financial Value is Too Restrictive #766

@seankerm

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@seankerm

'Financial Value'[ont00000608]
has def: "A quality that inheres in an independent continuant to the degree that that independent continuant can serve as a medium of exchange in an economic system at a particular time."

Stocks and Bonds seem to straightforwardly have fiancial value. However this value does not seem to be tied to the capacity to serve as a medium of exchange.As it is not clearly defined in CCO, I take medium of exchanges to mean any item that is widely acceptable in exchange for goods and services (definition from wikidpedia article titled "Medium of Exchange"). For example, series EE U.S. Savings Bonds are non-transferable and can only be redeemed with the U.S. Treasury and thus cannot be directly exchanged for goods and services.

Secondly, 'Fiancial Value of Property' is a subclass and
has def: "Financial Value that inheres in an material entity that is the object of an Act of Ownership."
However the financial value of property does not seem to come from its ability to serve as a medium of exchange. For example, I would not exchange my computer for goods and services but I could exchange it for money and then use that as a medium of exchange.

Is this definition misnamed and capturing something specific to money or is the definition too restrictive and does not capture all entities with financial value? Or does medium of exchange have a more specific meaning?

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