### Question
How is the "value" defined?


### Answer
The term **value** is defined in *12 U.S.C. § 5390* as follows -

> property, or satisfaction or securing of a present or antecedent debt of the covered financial company, but does not include an unperformed promise to furnish support to the covered financial company

#### Citation:
  - *12 U.S.C. § 5390*
  - Heading: **CHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTION > SUBCHAPTER II-ORDERLY LIQUIDATION AUTHORITY**

