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TeachMeFinance.com - explain Value received historic definition... Value received -- A term used in a promissory note or bill of exchange to indicate that the note has been made or the bill accepted for a consideration and not for accommodation. Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.