Tag: present

DefinitionGenerational accounting is a method of measuring the fiscal burdens facing today's and tomorrow's children. Laurence Kotlikoff's individual and co-authored work on the relativity...

What is 'Dealer-Median Prepayment Speed' The median value of all Wall Street securities dealers' prepayment speed estimates for the underlying mortgages used...

DefinitionIn finance, discounted cash flow analysis is a method of valuing a project, company, or asset using the concepts of the time value of...

The concept of effective duration is a way to evaluate a bond's price sensitivity to changes in interest rates. It accounts for the uncertainty...

What is a 'Day Order' A day order is an order to buy or sell a security that automatically expires if not...

What is an 'Underlying Asset' An underlying asset is the security or commodity underlying a Derivative. The most common type of derivative is a futures...

What is 'Abandonment Value' The value of a project or asset if it were immediately liquidated or sold. The abandonment value of...

What is 'UBS' A multinational diversified financial services company headquartered in Switzerland. UBS is involved in virtually all major financial activities, including...

DefinitionA credit default swap is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a...

What is 'Values' The worth of a nonforfeiture clause that specifies that an insured party would receive the equity from a life...