lexica Lexica → Phrase → present value

 

LetterP
Letter namepee
Pronounciation/piː/


Definition for present value
Phrase:present value
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