Presentoir

Pres`en*toir"

(?), n. [Formed after analogy of French.] An ornamental tray, dish, or the like, used as a salver.
[1913 Webster]

{

Pres"ent value

or

Pres"ent worth

} (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.
[Webster 1913 Suppl.]

 

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Fri 14th December 2018