present value
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 275 U.S. 133 - Gulf, Colorado & Santa Fe Railway Co. v. Moser · 1927Most cited · 26 citing opinions
In computing the damages recoverable for the deprivation of future benefits, the principle of limiting the recovery to compensation requires that adequate allowance be made, according to circumstances, for the earning power of money; in short, that when future payments or other pecuniary benefits are to be anticipated, the verdict should be made up on the basis of their present value only.