40 ILCS 5/12-115

(40 ILCS 5/12-115) (from Ch. 108 1/2, par. 12-115)

Sec. 12-115. Present value.

"Present value": The amount of funds presently required to provide an annuity or benefit at some future date when computed according to the actuarial tables.

(Source: Laws 1963, p. 161.)