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 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

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