PRATIQUE n. 2 definitions
Primarily, liberty of converse; intercourse; hence, a certificate, given after compliance with quarantine regulations, permitting a ship to land passengers and crew; -- a term used particularly in the south of Europe.
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.