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 Time value of money The time value of money is the greater benefit of receiving money now rather than later. It is founded on time preference. The time value of money explains why interest is paid or earned: Interest, whether it is on a bank deposit or debt, compensates the depositor or lender for the time value of money. It also underlies investment. Investors are willing to forgo spending their money now only if they expect a favorable return on their investment in the future, such that the increased value to be available later is sufficiently high to offset the