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]
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