'Present value' definitions:
Definition of 'Present value'
From: GCIDE
- Present value \Pres"ent value\ or Present worth \Pres"ent 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 Suppl.]