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.
View Source
Present worth means the time-equivalent value of past, present or future cash flows as of the beginning of the base year.
View Source
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
View Source

Examples of Present worth in a sentence

  • Present worth shall be determined by discounting such unaccrued Rental Payments from their respective due dates at the Rate of 5.50%.

  • Present worth shall be determined by discounting such unaccrued rentals from their respective due dates at the rate of 6.0%.

  • Present worth shall be determined by discounting such unaccrued Rental Payments from their respective due dates at the Rate of 0.00 %.


More Definitions of Present worth

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.
View Source
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.
View Source
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.
View Source

Related to Present worth

  • Present means in respect of any Person, such Person’s presence at a general meeting of Shareholders (or any meeting of the holders of any Class of Shares), which may be satisfied by means of such Person or, if a corporation or other non-natural Person, its duly authorized representative (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 Communication Facilities are permitted in accordance with these Articles, including any Virtual Meeting, connected by means of the use of such Communication Facilities;

  • Present Fair Salable Value means the amount that could be obtained by an independent willing seller from an independent willing buyer if the assets (both tangible and intangible) of the Borrower and its Subsidiaries taken as a whole are sold on a going concern basis with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated.

  • Present Fair Saleable Value means the amount that could be obtained by an independent willing seller from an independent willing buyer if the assets of the Borrower and its Subsidiaries taken as a whole are sold with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated.

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

  • Leash means a leash, cord, chain, or other comparable material which must be of a gauge suitable for controlling said dog and shall not be longer than six feet.