PRESENT VALUE; PRESENT WORTH n.
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.
PROTECTOR n.
A cardinal, from one of the more considerable Roman Catholic nations, who looks after the interests of his people at Rome; also, a cardinal who has the same relation to a college, religious order, etc. Lord Protector (Eng. Hist.), the title of Oliver Cromwell as supreme governor of the British Commonwealth (1653-1658).…
PUT v.
d, or sprout. (c) To extinguish; as, to put out a candle, light, or fire. (d) To place at interest; to loan; as, to put out funds. (e) To provoke, as by insult; to displease; to vex; as, he was put out by my reply. [Colloq.] (f) To protrude; to stretch forth; as, to put out the hand. (g) To publish; to make public; as,…