Value, in terms of color relates to how light or dark a color is.  The value scale goes from white to black.

Adding white or black to a color is the simplest way to change the value.

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See Color

Learn about color relationships and movements.

Working with color is attractive and yet challenging. In this book we will develop a flexible and lively understanding of color on a personal level. This will help us become more aware of and sensitive to colors, and to better understand their interactions and uses.