Having no value is a term used to describe something that has no worth or significance. The two crossword solutions for this term are 'NIL' (3 letters) and 'NULL' (4 letters). NIL is an abbreviation of the Latin phrase 'NIL debet', which translates to 'nothing owing'. NULL is a computer programming term used to indicate that a variable has no value. Both terms are used to describe something that has no value.