The alternative is to cut the face value of Greece s debt.

Current value

Current value

Present value.

Cost is defined as the nominal value plus or minus any unamortized premium or discount.

Present value of accrued benefits

If we take this metaphor at face value, there is a surprising consequence.

And this is where present value comes in.

Alternatively, the debt holders can agree to reduce the face value of debt, in exchange for some warrants.

In nominal terms, Italian and Spanish borrowing costs are indeed comparable to the levels of the late 1990 s.

When it does, it must write down the principal value of that debt by at least 50 .

And with our program set to cut both pockets to the nominal size, we are ready to cut our jaws

And if you know the present value then it's very easy to understand the net present value and the discounted cash flow and the internal rate of return and we'll eventually learn all of those things.

But the present value, what does that mean?

And then we will get the present value

The authorities will issue 35.2 billion in new securities, comprising 15 billion in par bonds, 11.9 billion in discount bonds and 8.3 billion in quasi par bonds.

And when they went IPO, their stock was at about 30 or 40 dollars and then plummeted, and it's never traded above 10.

The test statistic T in this instance could be set to be the sum of squares about the sample mean, divided by the nominal value for the variance (i.e.

PV is the present value in the sequence of payments.

Because its present value is worth more than 100.

This can be accomplished in two ways sharply cutting the interest rate paid by Greece, or reducing the face value of the debt.

The point at which credit risk becomes exchange rate redenomination risk is ambiguous.

To maintain growth, they need a nominal and real depreciation of their currency to reduce their trade deficits.

Although accounting rules often permit banks to price these assets at face value, it is generally believed that the fundamental value of many toxic assets has fallen significantly below face value.

We still don't know what present value is.

So the present value of 110 in 2009

Inflation has caused the face value of coins to fall below the hard currency value of the historically used metals.

We'll get the present value of 110 a year from now.

For example, for the first time, North Korea s prime minister publicly apologized for a policy error the failure of the currency redenomination.

More importantly, the exit path would restore growth right away, via nominal and real depreciation, avoiding a decade long depression.

Even if the face value of the Greek debt were not reduced, a maturity extension would still provide massive debt relief on a present value basis to Greece as a euro of debt owed 30 years from now is worth much less today than the same euro owed a year from now.

Comment by the Administration. For increased effectiveness and efficiency, UNOPS will use net present value or internal rate of return to determine the expected value of the investment.

The present value of new bonds should be roughly the same under the three options.

In finance, the terminal value (continuing value or horizon value) of a security is the present value at a future point in time of all future cash flows when we expect stable growth rate forever.

The Troika s claims on Greece need not be reduced in face value, but their maturity would have to be lengthened by another decade, and the interest on it reduced.

But China would surpass the US in a relatively short period of time even if we measured both countries economies in nominal terms.

A straightforward calculation shows that mitigation is better than business as usual that is, the present value of the benefits exceeds the present value of the costs for any social rate of time preference less than 8.5 .

Anne appointed him generalissimo of all English military forces on 17 April, and Lord High Admiral, the official but nominal head of the Royal Navy, on 20 May.

Lastly, the division and nominal value of the shares had not been specified.

The current plan to reduce the present value of privately held bonds by 20 is just a first small step toward this outcome.

The estimation of the present value of Provident Fund loans on an aggregate basis indicates that the difference between the book value and the present value of the Provident Fund loans would be immaterial relative to the overall balance sheet total and amount to 1,371,727.20.

Another way to kind of just talk about this is to get the present value of 110 a year from now, we discount the value by a discount rate.

Moreover, interest rates cannot become negative in nominal terms, and rising public debt may increasingly disable fiscal policy.

Any value lower than one would indicate that the project's PV is less than the initial investment.

First, even if each individual debt holder benefits, he or she will benefit even more if everybody else cuts the face value of their debt and he or she does not.