PRESENT VALUE - Definition

Products Dictionary

	Definition:	Present Value Fritz Brubaker`s charmed life unravels when he is accused of insider trading, arrested, and sent to prison. The full story behind these remarkable events--Fritz is a lovable innocent--involves Enron-esque shenanigans, political machinations, crooked CEOs, and a close, satirical look at ethics, idiocy, and the concept of value. more details ...

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Webster's 1913 Dictionary

	Definition:	\Pres"ent value\ or worth \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.