(definition) by Webster 1913 Sat Jan 21 2006 at 17:36:21

Pres"ent value or worth (of money payable at a future date).

The principal which, drawing interest at a given rate, will amount to the given sum at the date on which this is to be paid; thus, interest being at 6%, the present value of $106 due one year hence is $100.

 

© Webster 1913

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