 | Joseph Ray - 1857 - 348 σελίδες
...this sum would be S100 ; for, the amount of $100 at interest for 1 year, at 6 ./0, is $106. Art. 220. The PRESENT WORTH of a debt payable at a future time without interest, is that sum which, at a specified rate c/0 for the same time, would amount to the debt. The DISCOUNT is... | |
 | Horatio Nelson Robinson - 1859 - 348 σελίδες
...DISCOUNT. 313. Discount is an abatement or allowance made for the payment of a debt before it is due. 313. The Present Worth of a debt, payable at a future time without interest, is such a sum as, being put at legal interest, will amount to the given debt when it becomes due. 1. A... | |
 | Horatio Nelson Robinson - 1860 - 444 σελίδες
...DISCOUNT. 55G. Discount is an abatement or allowance made j'ov the payment of a debt before it is due. 557. The Present Worth of a debt, payable at a future time without interest, is such a sum as, being put at legal interest, will amount 10 the given debt when it becomes due. 1. What... | |
 | James Stewart Eaton - 1862 - 320 σελίδες
...DISCOUNT. 25~. DISCOUNT is an abatement or deduction made for the payment of a debt before it is due. The PRESENT WORTH of a debt, payable at a future time without interest, is, evidently, a sum which, put at legal interest, will amount to the debt at the time of its becoming... | |
 | James Stewart Eaton - 1864 - 322 σελίδες
...DISCOUNT. 252. DISCOUNT is an abatement or deduction made for the. payment of a debt before it is due. The PRESENT WORTH of a debt, payable at a future time without interest, is, evidently, a sum which, put at legal interest, will amount to the debt at the time of its becoming... | |
 | Joseph Ray - 1857 - 358 σελίδες
...this sum would be §100 ; for, the amount of §100 at interest for 1 year, at 6 %, is $106. Art. 220. The PRESENT WORTH of a debt payable at a future time without interest, is that sum which, at a specified rate of0 for the same time, would amount to the debt. The DISCOUNT is... | |
 | Daniel W. Fish - 1874 - 526 σελίδες
...of goods, or an allowance made for the payment of a debt or other obligation before it is due. GOO. The Present Worth of a debt payable at a future time without interest, is such a sum as, being put at legal interest, will amount to the debt when it becomes due. 6O1. The True... | |
 | Daniel W. Fish - 1874 - 302 σελίδες
...an allowance made for the payment of a debt or other obligation before it is due. OCX). The Prcaent Worth of a debt payable at a future time without interest, is such a sum as, being put nt legal interest, will amount to the debt when it becomes due. EXERCISES.... | |
 | Lorenzo Fairbanks - 1875 - 472 σελίδες
...Discount is an allowance, or deduction, made for the payment of a debt before it becomes due. 335. The Present Worth of a debt, payable at a future time, without interest, is such a sum as, being put at interest, at the specified rate, will amount to the given debt when it... | |
 | Daniel W. Fish - 1875 - 350 σελίδες
...in which time is considered, is of two kinds : True Discount and Bank Discount. TRUE DISCOUNT. 431. The Present Worth of a debt payable at a future time, without interest, is such a sum as, being put at legal interest, will amount to the debt when it becomes due. 432. True... | |
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The Present Worth of a debt, payable at a future time without interest, is such a sum as, being put at legal interest, will amount to the given debt when it becomes due. 
