"Value received" is a phrase commonly used in legal contracts and agreements to refer to the consideration or benefits received by one party in exchange for their performance or obligation. Some synonyms for "value received" include compensation, remuneration, payment, reward, benefit, profit, and return. These terms all imply a reciprocal exchange where each party receives something of value from the other. Additionally, other words like gain, advantage, and benefit can also be used to indicate the value received by one party in a business transaction or agreement. Overall, using precise language in legal documents is crucial to ensure mutual understanding and avoid disputes over contract terms.