From Longman Business Dictionarypresent valueˌpresent ˈvalue (also present discounted value) [countable, uncountable]ACCOUNTINGFINANCE the value of an amount of money now, after you have taken away the amount of interest which you are likely to get from it between now and a future date. Present value is used especially when calculating how much money you need to invest now, in order to get a particular amount of money in the future → value
