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Adjusted present value (APV) |
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Adjusted present value (APV)The net present value analysis of an asset if financed solely by equity (present value of unlevered cash flows), plus the present value of any financing decisions (levered cash flows). In other words, the various tax shields provided by the deductibility of interest and the benefits of other investment tax credits are calculated separately. This analysis is often used for highly leveraged transactions such as a leveraged buyout.Adjusted present value (APV) Similar MatchesAdjusted Gross IncomeAdjusted Gross IncomeGross income of a building it fully rented, less an allowance for estimated vacancies. Adjusted for inflationAdjusted for inflationCorrected for price changes to yield an equivalent in terms of goods and services. The adjustment divides nominal amounts for different years by price indices for those years -- e.g. the CPI or the implicit price deflator -- and multiplies by 100. This converts to real values, i.e. valued at the prices of the base year for the price index. Risk adjusted returnRisk adjusted returnReturn earned on an asset normalized for the amount of risk associated with that asset. Adjusted exercise priceAdjusted exercise priceTerm used in options on Ginnie Mae (Government National Mortgage Association) contracts. The final exercise price of the option accounts for the coupon rates carried on Ginnie Mae mortgages. For example, if the standard GNMA mortgage has an 9% yield, the price of GNMA pools with 13% mortgages in them is altered so that the investor receives the same yield. Adjusted debit balance (ADB)Adjusted debit balance (ADB)The account balance for a margin account that is calculated by combining the balance owed to a broker with any outstanding balance in the special miscellaneous account, and any paper profits on short accounts. Further SuggestionsRisk adjusted profitabilityInflation adjusted Risk adjusted return Seasonally adjusted adjusted gross income Net adjusted present value Adjusted gross income (AGI) Adjusted basis Risk adjusted discount rate adjusted earnings Adjusted balance method |
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