What is Future Value?

Legal Definition
Future value is the value of an asset at a specific date. It measures the nominal future sum of money that a given sum of money is "worth" at a specified time in the future assuming a certain interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function. The value does not include corrections for inflation or other factors that affect the true value of money in the future. This is used in time value of money calculations.
-- Wikipedia
Legal Definition
Calculated future value of a current investment's value using compounded, projected interest values. Or, calculated future value of a current investment's value using discounts at projected discount rates.