1. Problem: Calculate the value of $(12 - 5) \times 14 - 3$. 2. Use the order of operations (PEMDAS/BODMAS): Parentheses, Exponents, Multiplication and Division (left to right), Addition and Subtraction (left to right). 3. Calculate inside the parentheses first: $12 - 5 = 7$. 4. Multiply: $7 \times 14 = 98$. 5. Subtract: $98 - 3 = 95$. Final answer: $95$.