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Present value
Present valueThe value of a future payment or series of future payments discounted to the current date or to time period zero. RELATED TERMS-------------------------------------- Value Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange. Payment 1) Contracts. That which is given to execute what has been promised; or it is the fulfilment of a promise. Solvere dicimus cum quis fecit, quod facere promisit. But though this is the general acceptation of the word, yet by payment is understood, every way by which the creditor is satisfied or ought to be, and the debtor, liberated for example, an accord and satisfaction will operate as a payment. 2) Pleadings. The name of a plea by which the defendant alleges that he has paid the debt claimed in the declaration; this plea must conclude to the country. Current Merchant law. A term used to express present time Date Latin datum, a thing given. The primary signification is time "given" or specified, - in some way ascertained and fixed. In the ancient form the clause ran: datum apud, etc., specifying the place and time; thence called the datum clause, afterward shortened to "date". Time Contracts, evidence, practice. The measure of duration., It is divided into years, months. days, hours, minutes, and seconds. It is also divided into day and night. 2) Pleading. The avertment of time is generally necessary in pleading; the rules are different, in different actions. SIMILAR TERMS-------------------------------------- Prescriptible That which is subject to prescription. Prescription The manner of acquiring property by a long, honest, and uninterrupted possession or use during the time required by law. The possession must have been possessio longa, continua, et pacifica, nec sit ligitima interruptio, long, continued, peaceable, and without lawful interruption. Presence The existence of a person in a particular place. Present A gift, or wore properly the thing given. It is provided by the constitution of the United States, that "no person holding any office of profit or trust under them, [the United States] shall, without the consent of congress, accept of any present, emolument, or office, or title of any kind whatever, from any king, prince, or foreign state." Presentation Ecclesiastical law. The act of a patron offering his clerk to the bishop of the diocese to be instituted in a church or benefice. Presentee eccles. law., A clerk who has been presented by his patron to a bishop in order to be instituted in a church. Presentence report A report to the sentencing judge containing background information about the crime and the defendant to assist the judge in making his or her sentencing decision. Presentment Criminal law, practice. The written notice taken by a grand jury of any offence, from their own knowledge or observation, without any bill of indictment laid before them at the suit of the government; 2) Contracts. The production of a bill of exchange or promissory note to the party on whom the former is drawn, for his acceptance, or to the person bound to pay either, for payment. Presents This word signifies the writing then actually made and spoken of; as, these presents; know all men by these presents, to all to whom these presents shall come. Preservation keeping safe from harm; avoiding injury. This term always presupposes a real or existing danger. President An officer of a company who is to direct the manner in which business is to be transacted. From the decision of the president there is an appeal to the body over which he presides. President of the United States of America This is the title of the executive officer of this country. Press By a figure this word signifies the art of printing. The press is free. Presumption evidence. An inference as to the existence of one fact, from the existence of some other fact, founded on a previous experience of their connexion Presumption of advancement A presumption in trust, contract and family law which suggests that property transferred from a parent to a child, or spouse to spouse, is a gift and would defeat any presumption of a resulting trust. Presumption of law A rule of law that courts and judges shall draw a particular inference from a particular fact, or from particular evidence. Presumption of validity An assumption, where there is doubt as to the applicable law, that the parties intended the legal system under which the clause or contract would be valid (in a situation where contract or clause is valid under one legal system, but invalid under another one). Presumptive heir One who, if the ancestor should die immediately, would under the present circumstances of things be his heir, but whose right of inheritance may be defeated by the contingency of some nearer heir being born; as a brother, who is the presumptive heir, may be defeated by the birth of a child to the ancestor. PREVIOUS AND NEXT TERMS-------------------------------------- Prerogative court eccles. law. The name of a court in England in which all testaments are proved and administrations granted, when the deceased has left bona notabilia in the province in some other diocese than that in which he died. Prescriptible That which is subject to prescription. Prescription The manner of acquiring property by a long, honest, and uninterrupted possession or use during the time required by law. The possession must have been possessio longa, continua, et pacifica, nec sit ligitima interruptio, long, continued, peaceable, and without lawful interruption. Presence The existence of a person in a particular place. Present A gift, or wore properly the thing given. It is provided by the constitution of the United States, that "no person holding any office of profit or trust under them, [the United States] shall, without the consent of congress, accept of any present, emolument, or office, or title of any kind whatever, from any king, prince, or foreign state." Present value Presentation Ecclesiastical law. The act of a patron offering his clerk to the bishop of the diocese to be instituted in a church or benefice. Presentee eccles. law., A clerk who has been presented by his patron to a bishop in order to be instituted in a church. Presentence report A report to the sentencing judge containing background information about the crime and the defendant to assist the judge in making his or her sentencing decision. Presentment Criminal law, practice. The written notice taken by a grand jury of any offence, from their own knowledge or observation, without any bill of indictment laid before them at the suit of the government; 2) Contracts. The production of a bill of exchange or promissory note to the party on whom the former is drawn, for his acceptance, or to the person bound to pay either, for payment. Presents This word signifies the writing then actually made and spoken of; as, these presents; know all men by these presents, to all to whom these presents shall come. We thank you for using the Juridical Dictionary to search for Present value. If you have a better definition for Present value than the one presented here, please let us know by making use of the suggest a term option. This definition of Present value may be disputed by other professionals. Our attempt is to provide easy definitions on Present value and any other medical topic for the public at large.
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