Present worth definition

Present worth or "present value" means that the present amount of money if increased at the applicable postretirement or preretirement interest rate assumption specified in section 356.215, subdivision 8, and based on the mortality table adopted by the board of trustees based on the experience of the fund as recommended by the actuary retained deleted text beginby the Legislative Commission on Pensions and Retirement deleted text endnew text beginunder section 356.214, and approved under section 356.215, subdivision 18,new text endwill at retirement equal the actuarial accrued liability of the annuity already earned.
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Present worth means, at any time and from time to time, the before income tax future cash flow from the sale of oil and gas to be produced from the Proved Reserves attributable to the Borrowing Base Oil and Gas Properties, as set forth in the most recent Reserve Report delivered from Borrower to Agent pursuant to Section 2.06, discounted to present value at the rate of nine percent (9%) per annum, and adjusted to incorporate the following additional criteria: (1) the Hydrocarbon prices used shall be those stated in Agent's then current Hydrocarbon pricing guidelines, adjusted for Permitted Hedge Agreements that are in place, and
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Present worth means the time-equivalent value of past, present or future cash flows as of the beginning of the base year.
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Examples of Present worth in a sentence

  • Present worth is defined as future net revenue discounted at a specified arbitrary rate compounded monthly over the expected period of realization.

  • Present worth should not be construed as fair market value because no consideration was given to additional factors that influence the prices at which properties are bought and sold.

  • Present worth of future net revenue is calculated by discounting the future net revenue at the arbitrary rate of 10 percent per year compounded monthly over the expected period of realization.

  • Present worth is defined as future net revenue discounted at a specified arbitrary discount rate compounded monthly over the expected period of realization.

  • Present worth cost is the total cost of an alternative over time in terms of today’s dollar value.

  • Present worth is defined as future net revenue discounted at a nominal discount rate of 10 percent per year compounded monthly over the expected period of realization.

  • Present worth should not be construed as fair market value because no consideration was given to additional factors that influence the prices at which properties are bought and sold.Estimates of reserves and revenue should be regarded only as estimates that may change as further production history and additional information become available.

  • Present worth of bidding firm : Signature of the BidderDate................APPENDIX - 9IMPORT PRICE BID(To be filled in by Bidders) Tender No Bidder's Name Country of origin Due Date Bidder's Currency Offer No Validity ofOffer Sl.No. Description Quantity Unit Weight/Cubage of Itemof Item GrossNet M3(1)(2) Note 1.

  • Present worth values using a discount rate of 10 percent are reported herein.

  • Present worth should not be construed as fair market value because no consideration was given to additional factors that influence the prices at which properties are bought and sold.Estimates of reserves and revenue should be regarded only as estimates that may change as production history and additional information become available.


More Definitions of Present worth

Present worth shall be computed by discounting such amount to present worth at a rate equal to one percentage point above the discount rate then in effect at the Federal Reserve Bank of Richmond.
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Present worth means the cumulative present worth as calculated to the Date of Initial Commercial Operation using an eleven percent (11%) discount rate and, with respect to any Deliveries and curtailed kWh subject to pricing under Article 4.5, shall reflect the difference between rates for On-Peak Periods and Off-Peak Periods.
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Present worth means equivalent present value which is calculated by converting costs that are anticipated to occur at different times to a present value considering inflation and the discounting effect of interest. The discount rate to be used in the analysis will be derived from the average annual Treasury Bill rate. The adjustment for inflation used in the analysis will be based on the Federal Bureau of Labor Statistics' Producer Price Index-all commodity category. The span of time used in this calculation will be a 10-year period.
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Present worth means the cumulative present worth as calculated to the Date of Initial Commercial Operation using an eleven percent (11%) discount rate.
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Related to Present worth

  • Present means, in respect of any Person, such Person’s presence at a general meeting of Shareholders, which may be satisfied by means of such Person (or, in the case of any Shareholder, a proxy which has been validly appointed by such Shareholder in accordance with these Articles) being: (a) physically present at the meeting; or (b) in the case of any meeting at which Communications Facilities are permitted in accordance with these Articles, connected by means of the use of such Communication Facilities;

  • Areas of Operations means the locations where PURCHASER performs the operations described in the contract.

  • AT Reference: ___________________________ Attention: ___________________________

  • Fair Valuation means the determination of the value of the consolidated assets of a Person on the basis of the amount which may be realized by a willing seller within a reasonable time through collection or sale of such assets at market value on a going concern basis to an interested buyer who is willing to purchase under ordinary selling conditions in an arm’s length transaction.

  • Hours of Operation are the hours established by the Employer to provide adequate service to the public and to fulfil the functions of the work unit.

  • Commencement of Operations means, with respect to any Facility, the completion and the performance of all of the following activities:

  • AREA OF OPERATIONS means the Company's oilfield operations in the States of Assam and Arunachal Pradesh.

  • Cost means all expenditure properly incurred (or to be incurred) by the Contractor, whether on or off the Site, including overheads and similar charges but does not include any allowance for profit.

  • Mileage means the distance traveled on a Portal to Portal basis in a Privately Owned Vehicle (POV). Mileage rates are determined by the Washington State Office of Financial Management (OFM).

  • Operations means all the activities conducted by PURCHASER under this contract, including project work, logging, or post harvest activities; or the furnishing of all materials, equipment, labor, and incidentals necessary to successfully complete any individual item or the entire contract.

  • Area of operation means an area coextensive with the territorial boundaries of the land acquired or

  • Ballot card means a ballot that can be counted using automatic tabulating equipment.

  • Working Timetable has the meaning ascribed to it in Part A of the Network Code.

  • LODR means the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

  • Certificate of operation means a document issued by the administrator or an approved local jurisdiction for a conveyance indicating that the conveyance has been inspected by the administrator, an approved local jurisdiction, or a licensed third-party conveyance inspector and approved under this article.

  • Counting center means one or more locations selected by the election officer in

  • Pollbook means a record of the names of voters in the order that they appear to

  • NBOME means the National Board of Osteopathic Medical Examiners.

  • Records management means the systematic control of all records from creation or receipt through processing, distribution, maintenance and retrieval, to their ultimate disposition.

  • working time means any period during which the worker is working, at the employer’s disposal and carrying out his activity or duties, in accordance with national laws and/or practice;

  • All terms defined in this Agreement shall have the defined meanings contained herein when used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms. Any agreement, instrument or statute defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument or statute as from time to time, amended, qualified or supplemented, including (in the case of agreements and instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and all attachments thereto and instruments incorporated therein. References to a person are also to its permitted successors and assigns.

  • Accounting Records means the general ledger and subsidiary ledgers and supporting schedules which support the general ledger balances.

  • Lodger means a member of the household group (see OAR 461-110-0210) who---

  • Financial Records means any document or summary of information contained in a document, including electronic documents, that contains information about the financial activities or position of a person including, but not limited to, information about the assets, balance sheets, budgets, cash flow, earnings, revenue, expenditures, income, investments, losses, liabilities, payroll, profits, retained earnings, or taxes.

  • Operating or "Operation" means to provide (or the provision of) all the operation, engineering, purchasing, repair, supervision, training, inspection, testing, protection, use, management, improvement, replacement, refurbishment, retirement, and maintenance activities associated with operating the Generating Facility in accordance with Prudent Electrical Practices.

  • Significant impact means that the proposal is likely to have a noticeable effect on specific section(s) of the community greater than on the general community at large.