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| pres·ent val·ue [ prèzz'nt vállyoo ] (plural pres·ent val·ues) |
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| Definition: |
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current value of specified future amount: the value now of a sum of money expected to be received in the future, calculated by subtracting the interest and other value that will accrue in the intervening period
 The judge reduced the jury's award of damages to present value, as required by law.
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