present worth

present worth
The value, to be ascertained by computation using a stated rate of assumed interest, of a sum to be paid in the future. Commissioner v State St. Trust Co. (CA1) 128 F2d 618, 142 ALR 943. In reference to the allowance of damages for decreased earning capacity, the jury should be instructed that, in determining the amount of recovery for this item of damage, it should reduce such damages to their present worth. 22 Am J2d Damg § 349.

Ballentine's law dictionary. . 1998.

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  • Present worth — 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 …   The Collaborative International Dictionary of English

  • present worth — noun see present value * * * present value or present worth, (of a sum payable at a given future date) an amount which, plus the interest upon it for the time from the actual date to the given future date, will equal the sum then due: »The… …   Useful english dictionary

  • reduction to present worth — See present worth …   Ballentine's law dictionary

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  • 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… …   The Collaborative International Dictionary of English

  • present value — present worth (of a sum payable in the future) calculated by deducting interest that will accrue between the present and future date …   English contemporary dictionary

  • present value — noun also present worth : the principal of a sum of money payable at a future date that drawing interest at a given rate will amount to the given sum at the date on which this sum is to be paid at 65 interest the present value of $106 due one… …   Useful english dictionary

  • Worth Abbey — Infobox monastery name= Worth Abbey caption = full = other names = order= Benedictine established= 1933 disestablished = mother= Downside Abbey, Stratton on the Fosse Somerset diocese = churches = founder = John Chapman dedication = The Abbey of… …   Wikipedia

  • present value — The amount of cash today that is equivalent in value to a payment, or to a stream of payments, to be received in the future. To determine the present value, each future cash flow is multiplied by a present value factor. For example, if the… …   Financial and business terms

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