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The Process of Determining the Present Value of a Sum

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The process of determining the present value of a sum of money is called discounting because the present value of a sum of money is more than the future value of a sum of money.


Definitions:

Trade Name

The marketed name under which a product is sold, often protected as a registered trademark.

Filter Needle

A needle equipped with a filter, used to remove particulate matter from medications during withdrawal from a vial or before injection.

Nembutal

A brand name for pentobarbital, a barbiturate used as a sedative and for euthanasia.

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