present valuenoun [ C or U ]
ukusabbreviation PV, also present discounted valueACCOUNTING the value today of an amount of money that you expect to receive in the future, considering the fact that a future payment is worth less than one received now:
The gift, paid as an annuity, has a present value of $175 million.
The value of a company's shares should equal the discounted present value of its future profits.
See also
net present value