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From The Collaborative International Dictionary of English v.0.48:
Valor \Val"or\, n. [OE. valour, OF. valor, valur, valour, F. valeur, LL. valor, fr. L. valere to be strong, or worth. See Valiant.] [Written also valour.] [1913 Webster] 1. Value; worth. [Obs.] "The valor of a penny." --Sir T. More. [1913 Webster] 2. Strength of mind in regard to danger; that quality which enables a man to encounter danger with firmness; personal bravery; courage; prowess; intrepidity. [1913 Webster] For contemplation he and valor formed. --Milton. [1913 Webster] When valor preys on reason, It eats the sword it fights with. --Shak. [1913 Webster] Fear to do base, unworthy things is valor. --B. Jonson. [1913 Webster] 3. A brave man; a man of valor. [R.] --Ld. Lytton. [1913 Webster] Syn: Courage; heroism; bravery; gallantry; boldness; fearlessness. See Courage, and Heroism. [1913 Webster]