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From The Collaborative International Dictionary of English v.0.48:
Valuable \Val"u*a*ble\, a. 1. Having value or worth; possessing qualities which are useful and esteemed; precious; costly; as, a valuable horse; valuable land; a valuable cargo. [1913 Webster] 2. Worthy; estimable; deserving esteem; as, a valuable friend; a valuable companion. [1913 Webster] Valuable consideration (Law), an equivalent or compensation having value given for a thing purchased, as money, marriage, services, etc. --Blackstone. --Bouvier. [1913 Webster]