Examlex
In this selection Locke sets forth his psychological state theory of personal identity, locating the criterion of personal identity in terms of consciousness (personality, character, and, especially, memory). He says that personal identity consists in "the sameness of a rational being [consciousness]." This consciousness can take on different bodily forms and still preserve the same identity. It is possible for a prince to switch bodies with a cobbler, yet the prince would still be the prince.
-Locke thinks that personal identity depends on having the same body over time.
Present Value
The contemporary monetary evaluation of a future sum of money or series of cash flows, discounted by a particular rate of return.
Payment Plan
An agreement to pay back a sum of money owed over a period of time in a series of installments.
Account Earning
Interest or returns generated from an investment account or savings account over a period.
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