prez'-ent-li: The strict meaning is of course "at the present moment," "instantly," and the modern force "after a short interval" is due simply to the procrastinating habits of mankind; hence, the Revised Version (British and American) modifications of the King James Version use of the word into "immediately" (Mt 21:19), "even now" (Mt 26:53), and "forthwith" (Php 2:23). InPr 12:16, the uncertainty of the meaning (margin "openly," Hebrew "in the day") has led to the retention of the King James Version word.
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International Standard Bible Encyclopedia
The International Standard Bible Encyclopedia, James Orr, General Editor, 1844–1913 edition.