Common use of Net Present Value Clause in Contracts

Net Present Value. The term "Net Present Value" shall mean the value, as of a specified date, of future cash payments due, calculated using a discount rate determined by an actuary selected by the Bank and determined in accordance with GAAP.

Net Present Value. The term "“Net Present Value" ” shall mean the value, as of a specified date, of future cash payments due, calculated using a discount rate determined by an actuary selected by the Bank and determined in accordance with GAAP.