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Present value factor |
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Present value factorFactor used to calculate an estimate of the present value of an amount to be received in a future period. If the opportunity cost of funds is 10% over next year, the factor is [1/(1 + 0.10)].Present value factor Similar MatchesNet adjusted present valueNet adjusted present valueThe adjusted present value minus the initial cost of an investment. Net present valueNet present valueSame as present value, being sure to include (negative) payments as well as (positive) receipts. Proportional representationProportional representationA method of stockholder voting that allows minority shareholders and groups of small shareholders to have a better chance of getting representation on a board of directors than under statutory voting. Company representative (tied agent)Company representative (tied agent)A financial services sales rep, authorised to give financial advice on life assurance, pensions and unit trusts, but only allowed to recommend products from his/her employer. Unlike, IFAs, therefore, tied agents cannot be assumed to give impartial advice.Under the Financial Services Act 1986 all financial advisers must tell prospective clients whether they are tied agents or independent, so that the client knows what kind of advice he is getting.Tied agents are regulated by the Financial Services Authority (FSA). Present valuePresent valueThe value today of a stream of payments and/or receipts over time in the future and/or the past, converted to the present using an interest rate. If Xt is the amount in period t and r the interest rate, then present value at time t=0 is V = St (Xt)/(1+r)t. Further SuggestionsAdjusted present value (APV)Present value Appointed representative Net present value rule Present Value Index (PVI) net present value Net present value of growth opportunities Net present value (NPV) Registered representative Present State Present value of growth opportunities Registered Representative AIMR Performance Presentation Standards Implementation Committee |
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