present use

present use
A new use of an old instrumentality. 40 Am J Pat § 45. A use immediately in existence so as to be operated upon forthwith by the statute of uses. 28 Am J2d Est §§ 340 et seq.

Ballentine's law dictionary. . 1998.

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  • present — present1 presentness, n. /prez euhnt/, adj. 1. being, existing, or occurring at this time or now; current: the present ruler. 2. at this time; at hand; immediate: articles for present use. 3. Gram. a. noting an action or state occurring at the… …   Universalium

  • present — I pres•ent [[t]ˈprɛz ənt[/t]] adj. 1) being, existing, or occurring at this time or now; current: the present economic situation[/ex] 2) at this time; at hand; immediate: articles for present use[/ex] 3) gram. of, pertaining to, or being a verb… …   From formal English to slang

  • present — I. /ˈprɛzənt / (say prezuhnt) adjective 1. being, existing, or occurring at this time or now: the present ruler. 2. for the time being: articles for present use. 3. Grammar designating a tense denoting an action or state in process at the moment… …  

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  • Present value — is the value on a given date of a future payment or series of future payments, discounted to reflect the time value of money and other factors such as investment risk. Present value calculations are widely used in business and economics to… …   Wikipedia

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