The purpose of this article is to introduce the notion of real valuations on modules over commutative rings. These real valuations are characterized by their associated valuation triples, and a necessary and sufficient condition for a module to possess a real valuation is established. Moreover, the close interplay between valuations and orderings on a module is investigated by introducing the compatibility of valuations with orderings. Via the compatibility of valuations with orderings, the reality of valuations on a module also is characterized.
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