Lexica → Phrase → present value
Letter | P |
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Letter name | pee |
Pronounciation | /piː/ |
Phrase: | present value |
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Pronounciation: | |
Century: | 1st |
DA Name: | |
Era: | C.E. |
Origin: | Original |
Type: | Official |
Source Language: | Latin |
Source Language Words: | |
Source Text: | |
Definition: | the amount as of a date certain of one or more sums payable in the future, discounted to the certain date by use of either an interest rate specified by the parties if that rate is not manifestly unreasonable at the time the transaction is entered into or, if an interest rate is not so specified, a commercially reasonable rate that takes into account the facts and circumstances at the time the transaction is entered into |