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.
ABLE; -ABLE; IBLE; -IBLE n.
tive suffix now usually in a passive sense; able to be; fit to be; expressing capacity or worthiness in a passive sense; as, movable, able to be moved; amendable, able to be amended; blamable, fit to be blamed; salable.