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From The Collaborative International Dictionary of English v.0.48:
Valuation \Val`u*a"tion\, n. 1. The act of valuing, or of estimating value or worth; the act of setting a price; estimation; appraisement; as, a valuation of lands for the purpose of taxation. [1913 Webster] 2. Value set upon a thing; estimated value or worth; as, the goods sold for more than their valuation. [1913 Webster] Since of your lives you set So slight a valuation. --Shak. [1913 Webster]