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 not already occurred), or simply not define the value at that point. In case the discount rate is constant, formula_47 this simplifies to where formula_49 is "time remaining until cash flow". Thus for a stream of cash flows "f"("u") ending by time "T" (which can be set to formula_50 for no time horizon) the value at time "t," formula_51 is given by combining the values of these individual cash flows: This formalizes time value of money to future values of cash flows with varying discount rates, and is the basis of many formulas in financial mathematics, such as the Black–Scholes