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.

2. Value set upon a thing; estimated value or worth; as, the goods sold for more than their valuation.

Since of your lives you set So slight a valuation. --Shak.

Source: Webster's Revised Unabridged Dictionary (1913)