40 ILCS 5/6-117

(40 ILCS 5/6-117) (from Ch. 108 1/2, par. 6-117)

Sec. 6-117. Present value.

"Present value": The amount of money needed to provide an annuity or benefit at some future date computed according to the applicable mortality and interest tables.

(Source: Laws 1963, p. 161.)