Modus (medieval music) "tempus" (corresponding to the modern concept of a measure or bar and referring to the division of "breves" into two or three "semibreves") and "prolatio" (the division of "semibreves" into two or three "minims"). The "modus longarum" was applied primarily to pieces based on a cantus firmus tenor part in long note values. An even longer temporal unit was the "modus maximarum", but it is of little practical importance outside of the 13th century . Modus (medieval music) In medieval music theory, the Latin term modus (meaning "a measure", "standard of measurement", "quantity", "size", "length", or, rendered in English, mode)
Time value of money is to emphasize that "u" is a "parameter" (fixed in any instance—the time when the cash flow will occur), while "t" is a "variable" (time). In other words, future cash flows are exponentially discounted (exp) by the sum (integral, formula_44) of the future discount rates (formula_45 for future, "r"("v") for discount rates), while past cash flows are worth 0 (formula_46), because they have already occurred. Note that the value "at" the moment of a cash flow is not well-defined – there is a discontinuity at that point, and one can use a convention (assume cash flows have already occurred, or