Money or Money’s Worth Law and Legal Definition
The term "money or money's worth" is defined as “money, a security, tangible or intangible property, services, and other consideration reducible to a money value.” Equity Inv. Patners, LP v. United States, 2009 U.S. Dist. LEXIS 89363 (S.D. Fla. Aug. 18, 2009) “Money or money's worth also includes any consideration which otherwise would constitute money or money's worth under the preceding sentence which was parted with before the security interest would otherwise exist if, under local law, past consideration is sufficient to support an agreement giving rise to a security interest. A relinquishing or promised relinquishment of dower, curtesy, or of a statutory estate created in lieu of dower or curtesy, or of other marital rights is not a consideration in money or money's worth. Nor is love and affection, promise of marriage, or any other consideration not reducible to a money value, a consideration in money or money's worth.” 26 CFR 301.6323(h)-1
