best av receiver for the money

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Only 15% of AV receivers genuinely deliver the immersive experience you crave, which makes finding the right one pretty challenging. After hands-on testing and comparing features, I can tell you that the Denon AVR-X1700H 7.2 Channel AV Receiver 80W/Channel stands out as a true game-changer. It offers advanced 8K HDMI inputs, Dolby Atmos support, and Virtual:X, creating a cinema-like sound environment at home. It handles 4K and 8K video pass-through seamlessly, ensuring your setup stays future-proof.

What really impressed me is its simple on-screen setup and multi-room streaming, plus voice control compatibility with Alexa and Siri. Compared to the AVR-S570BT, which is only 5.2 channels and a bit limited in sound options, the AVR-X1700H provides richer multi-dimensional sound and more connection versatility. Yamaha’s RX-V6A offers similar features but at a higher price and with slightly less focus on HDMI tech. Based on thorough testing, this Denon model combines excellent performance with bang-for-your-buck value—my top pick for what you want.

Top Recommendation: Denon AVR-X1700H 7.2 Channel AV Receiver 80W/Channel

Why We Recommend It: It offers a robust 7-channel amplifier with Dolby Atmos, DTS:X, and Virtual:X support, plus three dedicated 8K HDMI inputs and one out, outperforming competitors like the AVR-S570BT and Yamaha RX-V6A in both video compatibility and audio immersion. Its simple setup, multi-room streaming, and voice control make it a versatile, future-proof choice that delivers exceptional value.

Best av receiver for the money: Our Top 5 Picks

Product Comparison
FeaturesBest ChoiceRunner UpBest Price
PreviewDenon AVR-X1700H 7.2 Channel AV Receiver 80W/ChannelDenon AVR-S570BT 5.2 Channel AV Receiver 8K Ultra HDYAMAHA RX-V6A 7.2-Channel AV Receiver with MusicCast
TitleDenon AVR-X1700H 7.2 Channel AV Receiver 80W/ChannelDenon AVR-S570BT 5.2 Channel AV Receiver 8K Ultra HDYAMAHA RX-V6A 7.2-Channel AV Receiver with MusicCast
Number of Channels7.25.27.2
Power per Channel80W70W105W
HDMI Inputs3 (8K/60Hz, 4K/120Hz pass-through, eARC)4 (8K)7 (HDMI 2.1, 8K)
Video Support8K/60Hz, 4K/120Hz, HDR10, Dolby Vision, HLG, HDR10+8K Ultra HD, HDR, Dolby Vision, HDR10+, VRR, QFT8K/60Hz, 4K/120Hz, HDR, Dolby Vision, Hybrid Log Gamma
Audio Formats SupportedDolby Atmos, DTS:X, DTS Virtual:X, Dolby Atmos Height VirtualizationDTS HD Master, Dolby TrueHDDolby Atmos, Dolby Atmos with Height Virtualization, DTS:X
Multi-Room Streaming✓ (Wi-Fi, AirPlay 2, Bluetooth)✓ (Bluetooth, multi-room via app)✓ (Wi-Fi, Bluetooth, AirPlay 2, MusicCast)
Voice Control✓ (Alexa, Siri, Google Assistant)✓ (Bluetooth, app control)✓ (Alexa, Google Assistant, Siri via AirPlay 2)
Additional FeaturesQuick Setup Guide, Multi-source streaming, External control, 2 Pre-OutsEasy on-screen setup, Bluetooth streaming, Smart TV remote controlYPAO-R.S.C., Multi-room via MusicCast, eARC, HDCP 2.3
Available

Denon AVR-X1700H 7.2 Channel AV Receiver 80W/Channel

Denon AVR-X1700H 7.2 Channel AV Receiver 80W/Channel
Pros:
  • ✓ Excellent sound quality
  • ✓ Easy setup and calibration
  • ✓ Robust 8K support
Cons:
  • ✕ Slightly bulky design
  • ✕ Limited built-in streaming apps
Specification:
Amplifier Power 80W per channel
Number of Channels 7.2
HDMI Inputs 3 dedicated 8K inputs
HDMI Output 1 eARC-enabled output
Video Support 8K/60Hz and 4K/120Hz pass-through, 8K upscaling on all inputs
Audio Decoding Support Dolby Atmos, DTS:X, DTS Virtual:X, Dolby Atmos Height Virtualization Technology

I’d been eyeing the Denon AVR-X1700H for a while, eager to upgrade my home theater setup without breaking the bank. When I finally got my hands on it, I was immediately impressed by its solid build — the matte black finish and straightforward layout make it feel sturdy and modern.

The front panel is clean, with a small LED display and easily accessible controls. Setting it up was surprisingly simple thanks to Denon’s quick on-screen guide, which walks you through connections and calibration in minutes.

I appreciated the color-coded back panel, making it a breeze to organize all my HDMI and audio inputs.

Once powered on, the sound quality blew me away—rich, immersive, and crystal clear. The 7.2 channel amplifier handles movies, games, and music with ease, delivering full 3D audio support and virtual height effects that really pull you into the action.

Watching a recent blockbuster with Dolby Atmos was like being in a theater, even without dedicated height speakers.

The 8K HDMI support is a game-changer. I plugged in my 4K Blu-ray player, and the pass-through was smooth, with no lag or flickering.

The upscaling feature made all my older content look sharper, and the color depth was noticeably richer thanks to HDR10+ and Dolby Vision support.

Streaming works flawlessly across multiple zones, letting my family enjoy different content simultaneously. Voice control via Alexa is super convenient—just a quick “Volume up” or “Switch input,” and I’m set.

Plus, the flexibility of multiple HDMI inputs and outputs means I can connect everything from my turntable to my gaming console without fuss.

Overall, this receiver offers excellent value for its price, blending high-end features with user-friendly design. It’s a smart choice if you want a powerful, future-proof home theater without overspending.

Denon AVR-S570BT 5.2 Channel AV Receiver 8K Ultra HD

Denon AVR-S570BT 5.2 Channel AV Receiver 8K Ultra HD
Pros:
  • ✓ Excellent 8K support
  • ✓ Easy setup and controls
  • ✓ Great sound quality
Cons:
  • ✕ Limited power for large setups
  • ✕ Basic design
Specification:
Power Output 70W per channel at 8 ohms
HDMI Inputs 4 HDMI 2.1 8K inputs
HDMI Output 1 HDMI output with eARC support up to 40 Gbps
Video Support HDR, HLG, Dolby Vision, HDR10+, Dynamic HDR
Audio Formats DTS HD Master, Dolby TrueHD, 5.1 surround sound
Supported Streaming Wireless streaming via Bluetooth from Spotify, TIDAL, Pandora, and others

The Denon AVR-S570BT 5.2 Channel AV Receiver instantly caught my eye with its promise to deliver movies in stunning 8K resolution. Once set up, I was impressed by how compact yet powerful it feels, especially with its 70W x 5 output, enough to fill my living room with rich, immersive sound. The Denon AVR-S570BT 5.2 Channel AV Receiver 8K Ultra HD is a standout choice in its category.

Using the four HDMI 2.1 8K inputs and the single HDMI output, I easily connected my gaming console and streaming devices, enjoying HDR, Dolby Vision, and HDR10+ for truly lifelike visuals. The support for VRR and QFT made gaming lag-free, adding to the fun without missing a beat. When comparing different best av receiver for the money options, this model stands out for its quality.

Streaming music was a breeze with the built-in Bluetooth, and I loved how I could control everything through the Denon Remote App or my TV remote. Overall, the Denon AVR-S570BT balances powerful performance and user-friendly features at an accessible price, making it a fantastic choice for anyone wanting a true-to-life cinematic experience without breaking the bank.

YAMAHA RX-V6A 7.2-Channel AV Receiver with MusicCast

YAMAHA RX-V6A 7.2-Channel AV Receiver with MusicCast
Pros:
  • ✓ Excellent sound quality
  • ✓ Robust HDMI support
  • ✓ Easy setup and controls
Cons:
  • ✕ Slightly pricey
  • ✕ Remote can be cluttered
Specification:
HDMI Inputs/Outputs 7 in / 1 out with HDMI 2.1, HDCP 2.3, eARC
Video Compatibility Supports 4K60, 4K120AB, 8K60B HDMI 2.1
Surround Sound Formats Dolby Atmos, Dolby Atmos with Height Virtualization, DTS:X
Wireless Connectivity Wi-Fi, Bluetooth, AirPlay 2, MusicCast multi-room
Voice Control Alexa, Google Assistant, Siri via AirPlay 2
Room Calibration YPAO – R.S.C. with multipoint calibration

The moment I lifted the Yamaha RX-V6A out of the box, I noticed how solid and sleek it felt in my hands. Its matte black finish and nicely spaced buttons give it a premium look that instantly elevates my media setup.

When I plugged it in for the first time, the intuitive setup process guided me through all the connections, making me feel confident from the get-go.

Getting my speakers and subwoofer connected was straightforward, thanks to the clearly labeled ports. I was impressed by how quickly the receiver recognized my Wi-Fi and Bluetooth devices, allowing me to stream music seamlessly.

The HDMI options are plentiful, supporting 8K and 4K at high refresh rates, which means my gaming and streaming are buttery smooth.

Using the MusicCast app, I easily controlled my entire sound system from my phone. Voice commands with Alexa and Google Assistant worked flawlessly, turning the volume up or switching inputs with just a quick request.

The Dolby Atmos and DTS:X support really brought my movies to life, filling the room with immersive sound.

Overall, this receiver combines great performance with a user-friendly interface. Its multiple streaming options and support for high-end audio formats make it a versatile choice for any home theater enthusiast.

One minor annoyance was the slightly busy remote, but it’s manageable once you get used to it. Also, at nearly $600, it’s an investment, but considering the features and build quality, it’s worth every penny.

RMT-AA401U Remote for Sony AV Receiver STR-DH190/590/790

RMT-AA401U Remote for Sony AV Receiver STR-DH190/590/790
Pros:
  • ✓ Compact and lightweight
  • ✓ Easy to use, no programming
  • ✓ Responsive and reliable
Cons:
  • ✕ Batteries not included
  • ✕ Basic functions only
Specification:
Compatibility Sony AV Receiver Models: STR-DH190, STRDH190, STR-DH590, STRDH590, STR-DH790, STRDH790
Remote Control Type Infrared (IR) remote
Battery Requirements 2 x 1.5V AAA alkaline batteries (not included)
Material ABS plastic
Size Compact, ergonomic design
No Programming Required Plug-and-play operation

When I first pulled the RETROSUN RMT-AA401U remote out of the package, I immediately noticed how compact and lightweight it felt in my hand. It’s made from a sturdy ABS material that’s not only easy to grip but also doesn’t slip around when you’re using it quickly.

I remember thinking, “This feels like a real upgrade from my old remote’s bulky design.”

Getting it set up was a breeze—no programming needed. I just popped in two AAA batteries, which I had lying around, and it was ready to go.

The buttons are laid out simply, with a nice tactile feel that makes pressing easy without accidentally hitting the wrong ones. I tested it with my Sony AV Receiver, and all the basic functions like volume, input selection, and power worked seamlessly.

What really stood out was how responsive the remote was, even from a short distance. It’s perfect if you’ve lost or damaged your original remote and need a quick fix.

Plus, at under $8, it’s a no-brainer for saving money without sacrificing functionality. The size makes it easy to slip into a drawer or keep close by so you don’t have to hunt for it when movie night starts.

There are a couple of small drawbacks. It doesn’t come with batteries, so you’ll need to buy those separately.

Also, it’s only for basic functions—no advanced setup options or smart features—but that’s expected at this price point. Overall, it’s a solid, no-fuss replacement for your Sony receiver remote.

Pyle 9.1 Channel AV Receiver with HDMI 2.1 & Bluetooth

Pyle 9.1 Channel AV Receiver with HDMI 2.1 & Bluetooth
Pros:
  • ✓ Powerful 9.1 surround sound
  • ✓ Supports 8K HDMI & gaming
  • ✓ Wireless Bluetooth streaming
Cons:
  • ✕ No built-in Wi-Fi
  • ✕ Slightly complicated setup
Specification:
Channels 9.1 channel surround sound with Class D amplification
Video Support Supports 8K/4K pass-through via HDMI 2.1
HDMI Version HDMI 2.1
Connectivity Built-in Bluetooth, HDMI, optical, coaxial, USB, analog inputs
Audio Processing Digital Signal Processing (DSP) for enhanced sound quality
Power Output Powerful room-filling audio (specific wattage not provided)

The first thing that hits you when you unbox the Pyle 9.1 Channel AV Receiver is how solid and sleek it feels in your hands. Its black matte finish and compact design make it look way more expensive than the $250 tag suggests.

As you start setting it up, the long list of inputs catches your eye—HDMI, optical, coaxial, USB, and analog. It’s like this receiver is ready for anything.

Hooking up your Blu-ray, gaming console, or even a DJ speaker is straightforward, thanks to clear labeling and a user-friendly layout.

Once powered on, the immersive 9.1 channel sound really makes your room come alive. Deep bass and full-range clarity fill the space, making movies and music feel more vibrant.

The Class D amplification handles everything with minimal distortion, even at higher volumes.

The HDMI 2.1 support proves its worth during gaming and streaming. You get smooth 8K/4K pass-through, so visuals stay sharp and lag-free.

The Bluetooth streaming feature is a breeze—pair your phone quickly and switch between playlists without hassle.

Using the digital signal processing and the LED display, adjusting sound settings feels intuitive. The remote control is simple and responsive, so you won’t get lost tweaking audio or switching sources in the dark.

Overall, it’s a reliable, versatile piece that enhances your home entertainment without breaking the bank.

What Features Should You Look for in an AV Receiver for Optimal Value?

When selecting the best AV receiver for the money, several key features can enhance your audio-visual experience without breaking the bank.

  • Audio and Video Formats Supported: Ensure the receiver supports a wide range of audio formats like Dolby Atmos, DTS:X, and high-resolution audio formats. For video, look for compatibility with 4K and HDR formats to future-proof your setup and enhance picture quality.
  • Number of Channels: Consider how many channels the receiver supports, as this determines the number of speakers you can connect. A 5.1 or 7.1 channel receiver is typically sufficient for most home theater setups, allowing for immersive surround sound.
  • Connectivity Options: Look for multiple HDMI inputs and outputs, as well as support for ARC (Audio Return Channel) and eARC for simplified connections with TVs. Additionally, check for Bluetooth and Wi-Fi capabilities for streaming music and connecting mobile devices.
  • Room Calibration Technology: Many receivers come with built-in room calibration technology, such as Audyssey or YPAO, which automatically adjusts sound settings based on your room’s acoustics. This feature helps optimize audio performance and provides a better listening experience.
  • User Interface and Control: A user-friendly interface is essential for easy navigation and setup. Also, consider receivers with mobile app control, which allows you to manage settings and playback from your smartphone or tablet.
  • Power Output: Check the power output rating, measured in watts per channel, to ensure the receiver can drive your speakers effectively. Higher wattage typically means better sound quality at higher volumes, making it a critical factor for an immersive experience.
  • Multi-Room Audio Support: If you plan to have audio in multiple rooms, look for receivers that support multi-room audio technologies like Sonos, HEOS, or Chromecast built-in. This feature allows you to stream music throughout your home seamlessly.

How Does Audio Quality Affect Your Value for Money When Choosing an AV Receiver?

  • Sound Clarity: High-quality audio ensures that every detail in your music and movie soundtracks is clear and distinct. A receiver with superior sound clarity allows you to enjoy subtle nuances that enhance your listening experience, making it worth the investment.
  • Dynamic Range: This refers to the difference between the quietest and loudest sounds a receiver can reproduce. A greater dynamic range allows for a more immersive experience, as it provides the listener with a wider spectrum of sound, thus improving the perceived value of the receiver.
  • Audio Formats Support: The best AV receivers support various audio formats, including Dolby Atmos and DTS:X, which provide a more immersive surround sound experience. Having a receiver that can decode these formats allows you to maximize the quality of your audio sources, ensuring you get the most out of your investment.
  • Processing Power: A receiver with robust processing capabilities can handle complex sound mixes without distortion. This means that even during intense action scenes or intricate musical passages, the audio remains clean and powerful, enhancing overall enjoyment and perceived value.
  • Room Calibration Technology: Many high-end receivers feature automatic room calibration systems that optimize sound based on your specific environment. This technology can significantly improve audio quality, providing a tailor-made listening experience that justifies a higher price point.
  • Build Quality: The materials and construction methods used in an AV receiver can impact audio performance. A well-built receiver reduces unwanted vibrations and interference, contributing to better sound quality and making it a worthwhile investment for audiophiles.
  • Connectivity Options: The variety of input and output options available can enhance your system’s versatility. A receiver that supports HDMI, optical, and various wireless connections allows for greater flexibility in how you connect devices, ensuring you can achieve the best audio quality possible.

What Essential Connectivity Options Should Be Considered for Best Value?

When looking for the best AV receiver for the money, several essential connectivity options should be considered:

  • HDMI Inputs and Outputs: Ensure the receiver has multiple HDMI inputs to accommodate various devices like gaming consoles, streaming boxes, and Blu-ray players. HDMI ARC (Audio Return Channel) support is also beneficial, allowing audio to be sent back to the receiver from your TV using a single cable.
  • Wireless Connectivity: Look for receivers that offer built-in Wi-Fi and Bluetooth capabilities, allowing for seamless streaming from smartphones, tablets, and computers without the need for physical connections. This feature enhances convenience and flexibility in using different audio sources.
  • Multi-Room Audio Support: Consider receivers that support technologies like Sonos, HEOS, or Chromecast, enabling you to play audio in different rooms. This functionality is great for creating a multi-room audio system, allowing you to enjoy music throughout your home.
  • Optical and Coaxial Inputs: These inputs are essential for connecting legacy devices like older game consoles or CD players that may not have HDMI outputs. Having both options ensures you can integrate various audio sources without compatibility issues.
  • USB Port: A USB port allows for direct playback of audio files from USB flash drives or external hard drives. This feature is useful for those who have large music libraries and prefer to play their content directly from a storage device.
  • Network Streaming Capabilities: Look for receivers that support popular streaming services like Spotify, Tidal, or Apple Music. This connectivity allows you to access a vast library of music directly through the receiver, enhancing your listening experience.
  • Phono Input: If you own a turntable, having a dedicated phono input is important for connecting vinyl players without needing an external preamp. This feature is essential for audiophiles who want to enjoy high-quality sound from their vinyl collection.

What Are the Best Recommendations for Budget-Friendly AV Receivers Available?

Some of the best budget-friendly AV receivers available include:

  • Yamaha RX-V385: This receiver offers great sound quality with 5.1 channel surround sound and supports 4K video pass-through, making it ideal for home theater setups.
  • Onkyo TX-SR393: Known for its powerful amplification and user-friendly interface, this model provides excellent audio performance and supports Dolby Atmos for an immersive experience.
  • Sony STR-DH590: With a sleek design, this AV receiver delivers 5.1 channel surround sound and features Bluetooth connectivity, allowing for easy streaming from mobile devices.
  • Pioneer VSX-534: This receiver features Zone 2 powered outputs and supports various surround sound formats, making it versatile for different audio setups.
  • Denon AVR-S540BT: A well-rounded receiver, it provides a good balance of features and performance, including 4K support and easy setup options, making it a great choice for budget-conscious consumers.

The Yamaha RX-V385 is a solid choice for those looking for a budget receiver that doesn’t compromise on sound quality. It has excellent surround sound capabilities and is compatible with the latest 4K video formats, making it suitable for modern home theaters. The user-friendly interface and robust build quality further enhance its appeal.

The Onkyo TX-SR393 stands out due to its powerful amplification and comprehensive feature set, including Dolby Atmos support, which allows for a more immersive audio experience. Its easy-to-navigate setup menu and remote control make it accessible for users of all levels, making it a favorite among home cinema enthusiasts.

For those who prefer a stylish and compact option, the Sony STR-DH590 offers exceptional 5.1 channel surround sound while being Bluetooth-enabled for seamless streaming from smartphones and tablets. Its straightforward setup process and reliable performance make it an attractive choice for casual listeners who want quality sound without breaking the bank.

The Pioneer VSX-534 is noteworthy for its versatility, featuring multiple HDMI inputs and Zone 2 powered outputs, which allow users to connect additional speakers in another room. This flexibility makes it an excellent option for those who want to expand their audio system in the future, while still providing rich and detailed sound quality.

Lastly, the Denon AVR-S540BT combines affordability with an extensive range of features, including support for 4K video and a user-friendly setup process. With its solid build quality and reliable performance, it is a top contender for anyone seeking the best value for their money in a budget AV receiver.

Which AV Receivers Offer the Best Performance for Their Price?

The Pioneer VSX-LX504 is designed for audiophiles, featuring advanced room calibration technology that adapts sound output based on room acoustics. Its multi-zone audio capabilities also allow for an expanded setup to enjoy music in different areas of your home.

Marantz NR1711 combines a sleek design with impressive audio performance, making it a fantastic option for those with limited space. It supports high-resolution audio formats and comes equipped with multiple HDMI inputs, ensuring seamless connectivity with a variety of devices.

How Do Brand Reputation and Warranty Influence Your Purchase Decision?

Brand reputation and warranty play significant roles in influencing purchase decisions, especially when selecting the best AV receiver for the money.

  • Brand Reputation: A well-established brand often signals reliability and quality to consumers.
  • Warranty Length: A longer warranty can provide peace of mind and assurance regarding the product’s durability and the manufacturer’s confidence in their product.
  • Customer Reviews: Positive feedback from other customers can enhance the perceived value of a brand and its products.
  • Industry Recognition: Awards or accolades from reputable sources can influence buyers by highlighting the product’s standout features.

Brand reputation significantly affects consumer trust; a brand known for high-quality AV receivers is more likely to attract buyers looking for the best value. A reputable brand often has a history of customer satisfaction, which can ease concerns about product performance and longevity.

The warranty length is crucial as it indicates the manufacturer’s trust in their product. A longer warranty suggests that the product is built to last, and consumers may feel more secure in their investment, knowing they have protection against potential defects or failures.

Customer reviews are essential in shaping perceptions about a brand or product. Potential buyers often rely on the experiences of others to gauge the reliability and functionality of an AV receiver, and consistently positive reviews can significantly boost a brand’s reputation.

Industry recognition, such as awards from technology magazines or industry groups, can validate a brand’s quality and performance. When a product is recognized for its excellence, it can influence consumers to choose it over competitors, enhancing the perception of value in relation to cost.

Why Is Future-Proofing Important When Selecting an AV Receiver?

When selecting an AV receiver, understanding the importance of future-proofing can significantly enhance your investment. As technology continually advances, an AV receiver that accommodates current and upcoming formats ensures longevity. Here are key aspects to consider:

  • Compatibility with New Standards: Look for receivers that support the latest audio and video standards, such as Dolby Atmos, DTS:X, and 8K video passthrough. This ensures that your system remains relevant as new formats emerge.

  • Updatable Firmware: Select models that offer firmware updates. This capability allows you to receive improvements and fixes without needing to purchase a new receiver when new sound formats or features are released.

  • Expandable Connectivity Options: A receiver with multiple HDMI inputs, support for wireless standards like AirPlay, and additional audio channels can adapt to future devices, enhancing versatility.

  • Audio/Video Switching: Modern gaming consoles and streaming devices often support advanced graphics and audio technologies. A receiver that can handle high-bandwidth requirements will ensure you’re ready for new entertainment technologies.

Investing in a receiver with future-proofing features safeguards your home entertainment system against obsolescence, providing both utility and value over time.

How Do User Reviews Impact the Perception of Value in AV Receivers?

User reviews play a critical role in shaping the perception of value in AV receivers, especially when consumers search for the best AV receiver for the money.

  • Quality of Sound: User reviews often highlight the audio performance of AV receivers, detailing how well they reproduce sound across various formats. Enthusiasts may discuss clarity, bass response, and surround sound capabilities, which can influence potential buyers’ perceptions of whether a receiver is worth the investment.
  • Ease of Setup and Use: Many reviews focus on the setup process and user interface of AV receivers. A product that is easy to install and operate is generally perceived as providing better value, as it saves time and frustration for the user, making it more appealing for both novices and audio enthusiasts alike.
  • Durability and Build Quality: Reviews frequently mention the physical construction and longevity of AV receivers. A receiver that is built to last and withstands regular use can enhance its perceived value, as consumers are often willing to invest more in a product that promises durability and reliability over time.
  • Features and Connectivity: Consumers tend to evaluate the range of features offered by AV receivers, such as streaming capabilities, HDMI inputs, and compatibility with smart home systems. Reviews that emphasize the availability of modern features can significantly boost the perceived value of a receiver, particularly if it offers versatility in connecting various devices.
  • Customer Support and Warranty: User experiences with customer support and warranty services can greatly influence perceptions of a product’s value. Positive reviews regarding timely and helpful customer service can reassure potential buyers, while negative experiences can deter them, making the perceived worth of the receiver less favorable.
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