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Present worth   Listen
noun
Present worth, Present value  n.  (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.






Collaborative International Dictionary of English 0.48








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"Present worth" Quotes from Famous Books



... all mercantile transactions with the natives is a beaver skin, the relative value of which as originally established by the traders differs considerably from the present worth of the articles it represents; but the Indians are averse to change. Three marten, eight muskrat, or a single lynx or wolverine skin, are equivalent to one beaver; a silver fox, white fox, or otter, are reckoned two beavers, and a black fox or large black bear ...
— The Journey to the Polar Sea • John Franklin

... be adduced to show that to get the present value of the sums allowed in 1588 we ought to multiply them by six[69] The sum allowed for each man's daily food and the 'establishment charges'—increased as they had been in 1586—did little more than cover the expenditure; and, though ...
— Sea-Power and Other Studies • Admiral Sir Cyprian Bridge

... themselves. In Europe, previous to the discovery of the New World, an ounce of gold commanded an amount of food or labor which would cost three ounces at the present day; hence an ounce of gold was then estimated at three times its present value. At the same time an ounce of silver commanded an amount which at present costs 4 ounces of silver. It appears from this, that the value of gold and silver varied with respect to each other, as well as with respect to all other commodities. This is owing to there having been ...
— The Life and Voyages of Christopher Columbus (Vol. II) • Washington Irving

... though there may be occasional spots of good land at the base of the main range on the sources of the numerous creeks flowing from thence towards the inland desert, these must be too limited in extent to be of any present value. ...
— Journals Of Expeditions Of Discovery Into Central • Edward John Eyre



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