Defn: 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.
PRESERVABLE
Pre*serv"a*ble, a.
Defn: Capable of being preserved; admitting of preservation.
PRESERVATION
Pres`er*va"tion, n. Etym: [Cf. F. préservation.]
Defn: The act or process of preserving, or keeping safe; the state of being preserved, or kept from injury, destruction, or decay; security; safety; as, preservation of life, fruit, game, etc.; a picture in good preservation. Give us particulars of thy preservation. Shak.
PRESERVATIVE
Pre*serv"a*tive, a. Etym: [Cf. F. préservatif.]
Defn: Having the power or quality of preserving; tending to preserve, or to keep from injury, decay, etc.
PRESERVATIVE
Pre*serv"a*tive, n.
Defn: That which preserves, or has the power of preserving; a
presevative agent.
To wear tablets as preservatives against the plague. Bacon.
PRESERVATORY
Pre*serv"a*to*ry, a.