Our Business Transition Glossary is continually enhanced to augment user knowledge of the meaning of important Business Transition (Succession) terms, and Business Valuation, Economic and Financial Market terms relevant to Business Transition.

Terms included in our Business Transition Glossary are linked in our website’s content. By hovering over a linked term in our content the definition of that term appears in a pop-up window – thereby adding clarity and value to our content.

Note that some of the terms in our Business Transition Glossary may be jurisdictionally specific. and accordingly should be used only for general information and guidance.

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Business Trillion Thesis Glossary of Terms Wealth Business Transition Glosary Working Capital Wealth Inequality Wealth Disparity Warranty Weimar Republic WInd-up World Bank Country Risk Currency War Darwinian Corporate Culture Coattail Provision Bundesbank Bull Market Bear Market Business Sale Consensus Customer Dependence Cyclical Balance Sheet Strength Bank Rate Bank Stress Test Benchmark Analysis Bias Billion Black Market Underground Economy Black-Scholes Option Model Board of Directors Borrowing Capacity Brent Crude Bullion Business Climate Business Family Business Founder Business Owner Business Plan Business Succession Plan Business Transition Plan Stagflation Systemic Risk Tar Sands Jurisprudence Macroeconomics Microeconomics Standalone Value Private Equity Notional Market Value Notional Value Oligopoly OPEC Open Market Price Open Market Transaction Operating Assets Operating Leverage Opportunity Cost Oppression Remedy Orderly Liquidation Organic Growth Organization of Petroleum Exporting Countries Redundant Asset Global Economic Growth GDP G8 G20 FOMC Federal Open Market Committee Intrinsic Value Family Family Business Glossary Family Business Transition Family Business Succession Family Control Family Council Over-levered Over-The-Counter Market Partnership Per-share Value Personal Goodwill Personal Value System Phantom Stock Stock Appreciation Right SAR PMI Purchasing Managers' Index Post-acquisition Synergies Preferred Shares Preference Shares Minority Shareholder Minority Shareholding Monetary Policy Monetary System Monopoly Multi-Generational Business Transition Global Economy Good Leaver Great Crash Gridlock Family Growth Family Law Statutes Family Meeting Business Transiton Glossary Family Office Family Retreat Premium for Control Premium for Forcible Taking Force Out Premium Family Share Transaction Fiat Currency Busiiness Transition Glossary Business Transtion Terms Fiduciary Fiduciary Duty Fiduciary Relationship Financial Buyer Baltic Dry Index Business Viability Buy-Side Call Option 
  • 2

  • 2008 Financial Crisis
    The 2008 Financial Crisis, which many date to September 2008 when Investment Bank Lehman Bros. was(...)
  • 3

  • 3 Circle Family Business Model
    The 3 Circle Family Business Model (or Family Business System) was developed at the Harvard Business(...)
  • a

  • Accountability
    Accountability is a term used to describe the fact or condition of assuming responsibility for one's(...)
  • Accounts Receivable
    Short-term amounts owing by buyers to a seller where buyers have purchased goods or services from the(...)
  • Accretive Value
    Accretive Value is a term used in Business Valuation and Financial Markets to describe a circumstance(...)
  • Adjusted Cost Base
    In Canada, and perhaps other jurisdictions, Adjusted Cost Base is an income tax term relating to capital(...)
  • Adjusted Net Book Value
    Adjusted Net Book Value is a term used in accounting, business valuation and business transition to(...)
  • Advisor
    An Advisor (or Adviser) is a person who provides advice.
  • Advisory Board
    An Advisory Board is a group of people who collectively and in a Collaborative manner provide advice to(...)
  • After tax earnings
    After Tax Earnings (or After-tax Earnings) is the accounting result obtained after all income and other(...)
  • Algorithmic Trading
    Algorithmic Trading - widely adopted in escalating use by Investment Banks, Hedge Funds and others - is(...)
  • Allowance for Doubtful Accounts
    An Allowance for Doubtful Accounts is a reserve account created where one or more Account Receivable(...)
  • Appraisal
    Appraisal is the act or process of determining the value of something. Appraisal is a term also used to(...)
  • Appraisal Remedy
    In Canada, and perhaps other jurisdictions, Appraisal Remedy (or Appraisal Right) is a term used to(...)
  • Appraisal Right
    In Canada, and perhaps other jurisdictions, Appraisal Right (or Appraisal Remedy) is a term used to(...)
  • Arbitration
    Arbitration is a term used to describe a form of dispute resolution used to settle disputes between two(...)
  • Arm's Length
    Arm's Length is a term used to describe the condition or the fact that the parties to a transaction are(...)
  • Arm's Length Director
    Arm's Length Director is a term used to describe a member of a company's Board of Directors who is not a(...)
  • Arm's Length Sale
    Arm's Length Sale is a term used to describe the purchase and sale of an ownership interest in the(...)
  • Articles of Incorporation
    Articles of Incorporation are a set of formal documents filed with a government body to legally document(...)
  • Artificial Intelligence
    Artificial Intelligence is a term used to describe intelligence exhibited by machines or software. This(...)
  • Asset Bubble
    Asset Bubble is a term used in economics to describe a circumstance where the price of a given Asset(...)
  • Asset Liquidity
    Asset Liquidity is a term used in Business Transition, Business Valuation, Accounting and Financial(...)
  • Asset Transaction
    Asset Transaction is a term used in Business Transition, Business Valuation and business generally to(...)
  • Associated Corporations
    Associated Corporations is a term used in Business Transition, Business Valuation, and business(...)
  • Audit
    Audit is a term used generally, and in particular in accounting, to describe a (typically) independent(...)
  • Authority Figure
    Authority Figure is a term used to describe a person who is perceived by, and acknowledged by, others as(...)
  • b

  • Baby Boomer
    Baby Boomer is a term used to describe people born between the end of World War 2 (1945) and the late 1960s.
  • Backwardness
    Backwardness is a term used in economics to describe an economic growth model that postulates the more(...)
  • Bad Leaver
    Bad Leaver is a term used in Business Transition and business generally to describe a shareholder of a(...)
  • Balance Sheet
    A Balance Sheet is a principal financial statement of a business or organization. It summarizes(...)
  • Balance Sheet Strength
    A company's Balance Sheet Strength is dependent on working capital adequacy, asset performance and(...)
  • Baltic Dry Index
    Compiled daily, the Baltic Dry Index is a term used in Economics and business to describe an economic(...)
  • Bank Rate
    Bank Rate is a term used in economics that describes the interest rate at which a country's Central Bank(...)
  • Bank Stress Test
    Bank Stress Test is a term used in Economics and Finance to describe a mechanism that simulates the(...)
  • Barrier
    Generally, and specifically in Generational Business Transition, a Barrier is an obstacle or (...)
  • Bear Market
    Bear Market is a term used in Financial Markets and Economics to describe a Financial Markets condition(...)
  • Benchmark Analysis
    Benchmark Analysis is a term used in Economics, Finance and Statistical Analysis generally to describe(...)
  • Bias
    Bias is a word used to describe a particular feeling, inclination or opinion, particularly one(...)
  • Billion
    A Billion is a unit of measurement equal to one thousand Million, a Million being a unit of measurement(...)
  • Black Market
    Black Market is a term used in Economics to describe a market in which goods or services are traded(...)
  • Black Swan Event
    A Black Swan Event is a term used to describe an event or occurrence that deviates beyond what is(...)
  • Black-Scholes Option Model
    Black-Scholes Option Model is a term used in Finance to describe a financial model or formula used to(...)
  • Board of Directors
    A Board of Directors is a group of persons elected by the owners of an incorporated business (for or(...)
  • Borrowing Capacity
    Borrowing Capacity is a term used in finance and business to describe the amount of money a business is(...)
  • Brent Crude
    Brent Crude is a term used to describe crude oil extracted from the North Sea. Brent Crude is a major(...)
  • Bull Market
    Bull Market is a term used in Financial Markets and Economics to describe a Financial Markets condition(...)
  • Bullion
    Bullion, used in Economics, Financial Markets and in general usage is a descriptive word for gold,(...)
  • Bundesbank
    The Bundesbank, or Deutsche Bundesbank, is the Federal Republic of Germany Central Bank. It is part of(...)
  • Business Climate
    Business Climate is a term used in Economics, Financial Markets, and business to broadly describe at any(...)
  • Business Family
    Business Family is a term used in Business Transition to describe a family where one or more family(...)
  • Business Founder
    Business Founder is a term used in Business Transition to describe the entrepreneur who started, or who(...)
  • Business Owner
    Business Owner is a term used in Business Transition and Business Valuation to describe an individual or(...)
  • Business Plan
    Business Plan is a term used in Business Transition and business generally to describe a formal(...)
  • Business Sale
    Business Sale is a term used in Business Transition, Business Valuation and business to decribe (1) the(...)
  • Business Strategy
    Business Strategy is a term used in Business Transition and business generally to describe the means,(...)
  • Business Succession
    Business Succession is a term used to describe either (1) the transfer of ownership of a Family Business(...)
  • Business Succession Plan
    Business Succession Plan is a term used in Business Transition to describe a formalized plan or strategy(...)
  • Business Transition
    Business Transition is a term used to describe either (1) the transfer of ownership of a Family Business(...)
  • Business Transition Plan
    Business Transition Plan is a term used in Business Transition to describe a formalized plan or strategy(...)
  • Business Valuation
    Business Valuation is a term used in Business, Economics and Finance to describe the act of determining(...)
  • Business Viability
    Business Viability is a term used in Business Transition, Business Valuation and general application.(...)
  • Buy-Side
    Buy-Side is a term used in Financial Markets, Investment Banking and Merger & Acquisitions to describe(...)
  • c

  • Call Option
    Call Option is a term used in Finance to describe a financial contract that gives one party the right,(...)
  • Capacity Utilization Rate
    Capacity Utilization Rate is a term used in Economics and business to describe a metric, typically(...)
  • Capital Asset Pricing Model
    Capital Asset Pricing Model (CAPM) is a term used in Business Valuation and Finance to describe a(...)
  • Capital Cost Allowance
    Capital Cost Allowance is income tax term used in Business Transition, Business Valuation and business(...)
  • Capital Dividend Account
    Capital Dividend Account is a term used to describe an account established under the Canadian Income Tax(...)
  • Capital Equipment
    Capital Equipment is a term used in Business Transition, Business Valuation and business generally to(...)
  • Capital Gain
    Capital Gain is (typically) a term used in income tax in Business Transition, Business Valuation, and(...)
  • Capital Growth
    Capital Growth is a term used in Business Transition, Business Valuation, business generally and(...)
  • Capital Intensive Business
    Capital Intensive Business is a term used in Business Transition, Business Valuation and business(...)
  • Capital Loss
    Capital Loss is a term used in accounting, business generally, and in some jurisdictions for income tax(...)
  • Capital Market
    Capital Market is a term used in Economics and Finance to describe an organized and typically regulated(...)
  • Capital Structure
    Capital Structure is a term used in Business Transition, Business Valuation and business generally to(...)
  • Capitalization Rate
    Capitalization Rate is a term used in Business Valuation and Finance to describe the rate of return,(...)
  • Capitalized Cash Flow Business Valuation Methodology
    Capitalized Cash Flow Business Valuation Methodology is a term used in Business Valuation to describe a(...)
  • CAPM
    CAPM (Capital Asset Pricing Model) is a term used in Business Valuation and Finance to describe a(...)
  • Carry Trade
    Carry Trade is a term used in Economics and Finance to describe  transactions where a borrower borrows(...)
  • Case Law
    Case Law is a term used in Common Law jurisdictions, the entire collection of published legal decisions(...)
  • Central Bank
    Central Bank is a term used in Economics to describe a financial institution particular to a country(...)
  • CEO
    CEO is a term used in business. It is an acronym for Chief Executive Officer.
  • Chief Executive Officer
    Chief Executive Officer (CEO)is a term used in Business Transition and business generally to describe a(...)
  • Climate Change
    Climate Change is a term in general use that describes a change in the statistical distribution of(...)
  • Closely Held Company
    Closely Held Company is a term used in Business Transition, Business Valuation and business generally to(...)
  • Coalition
    Coalition is a term used in Politics and general usage to describe an alliance of persons or groups(...)
  • Coattail RIght
    Coattail Right is a term used in Business Transition and business to describe the right afforded to a(...)
  • Collaborate
    Collaborate is a term used in Business Transition and general usage to describe a process where two or(...)
  • Collaboration
    Collaboration is a term used in Business Transition and general usage to describe a interaction between(...)
  • Collective Bargaining
    Collective Bargaining is a term used in Business Valuation, Economics and business generally to describe(...)
  • Commercial Goodwill
    Commercial Goodwill is a term used in Business Valuation to describe Intangible Value in the form of(...)
  • Commercial Value
    Commercial Value is a term used in Business Valuation to describe the Value of something if it were(...)
  • Commitment
    Commitment is a term in general usage used to describe an agreement or pledge to do something in the(...)
  • Common Share
    Common Share is a term used in Business Transition, Business Valuation and business generally to(...)
  • Communication
    Communication is a term in general usage used to describe the act or process of using words, sounds,(...)
  • Comparative Data
    Comparative Data is a term used in Business Valuation, Economics and business generally to describe two(...)
  • Compensation
    Compensation is a term used in Business Transition, Business Valuation and business generally to(...)
  • Competitive Devaluation
    Competitive Devaluation (or colloquially a Currency War) is a term used in Economics to describe what(...)
  • Compulsory Sale Provision
    Compulsory Sale Provision is a term used in Business Transition, Business Valuation, and Corporate Law(...)
  • Computerized Trading
    Computerized Trading is a term used in Financial Markets to describe what more often is referred to as(...)
  • Conglomerate
    Conglomerate is a term used in Business Transition, Business Valuation, Economics, Finance and business(...)
  • Consensus
    Consensus is a term used to describe a general agreement about something reached by two or more persons.(...)
  • Consumer Confidence
    Consumer Confidence is a term used in Economics to describe an economic indicator that measures the(...)
  • Consumer Credit
    Consumer Credit is a term used in Economics to describe a debt an individual incurs when purchasing a(...)
  • Consumer Price Index
    Consumer Price Index is a term used in Economics to describe an economic indicator determined based on a(...)
  • Consumer Sentiment
    Consumer Sentiment is a term used in Economics to describe an economic indicator of the overall health(...)
  • Contagion
    Contagion is a term used in Economics, Financial Markets and business to describe the spread of changes(...)
  • Contingent Liability
    Contingent Liability is a term used in Accounting, Business Transition and Business Valuation to(...)
  • Contractual Right
    Contractual Right is a term used in Contract Law to describe a claim on another person acknowledged and(...)
  • Control
    Control is a term in general usage to describe the power of a government, institution, group of persons(...)
  • Control Premium
    Control Premium is a term used in Business Transition, Business Valuation, Finance and business(...)
  • Control Shareholding
    Control Shareholding is a term used in Business Transition, Business Valuation and business generally to(...)
  • Controlling Interest
    Controlling Interest is a term used in Business Transition, Business Valuation and business generally to(...)
  • Corporate Culture
    Corporate Culture is a term used in Business Transition, Corporate Governance, and business to describe(...)
  • Corporate Governance
    Corporate Governance is a term used in Business Transition and business generally to refer to the system(...)
  • Country Risk
    Country Risk is a term used in Economics, Financial Markets and Business to describe collective risks(...)
  • CPI
    CPI is a term used in Economics. It is an acronym for Consumer Price Index.
  • Cumulative Eligible Capital
    Cumulative Eligible Capital is an income tax term used in Canada to describe an income tax pool that(...)
  • Currency War
    Currency War is a term used in economics to describe a condition where countries compete against each(...)
  • Current Ratio
    Current Ratio is a term used in Accounting, Business Transition, Business Valuation, Finance, and(...)
  • Customer Dependence
    Customer Dependence is a term used in Business Valuation and business to describe a circumstance where a(...)
  • Cyclical
    Cyclical is a term used in Economics, Financial Markets and business to describe something - for example(...)
  • d

  • Darwinian
    Darwinian is a term used in Business Transition and in general to describe the theories of Englishman(...)
  • DCF
    DCF is a term used in Business Transition, Business Valuation, Finance and business generally. It is an(...)
  • De Facto Control
    De Facto Control is a term used in Business Transition, Business Valuation and business generally to(...)
  • De Jure Control
    De Jure Control is a term used in Business Transition, Business Valuation and business generally to(...)
  • Deadlock
    Deadlock is a term in general use used to describe a state of neutral behavior, inaction or(...)
  • Debt Ceiling
    Debt Ceiling is a term used in Economics and Finance in a United States context to describe a(...)
  • Debt Service Cost
    Debt Service Cost is a term used in Business Transition, Business Valuation, Finance and business(...)
  • Deferred Revenue
    Deferred Revenue is a term used in Accounting, Business Valuation and business generally to describe(...)
  • Defined Benefit Pension Plan
    Defined Benefit Pension Plan is a term used in Business Transition, Business Valuation, and business(...)
  • Defined Contribution Pension Plan
    Defined Contribution Pension Plan is a term used in Business Transition, Business Valuation and business(...)
  • Deflation
    Deflation is a term used in Economics to describe the amount, typically expressed in percentage terms,(...)
  • Demographics
    Demographics is a term used in Economics to describe the statistical data of a population that addresses(...)
  • Depreciated Replacement Cost
    Depreciated Replacement Cost Is a term used in Business Transition, Business Valuation and business(...)
  • Depreciation
    Depreciation is a term used in Accounting, Business Valuation and business generally to describe the(...)
  • Depression
    Depression is a term used in Economics to describe a severe and sustained deflationary economic downturn(...)
  • Derivative Security
    Derivative Security is a term used in Finance and the Financial Markets to describe a financial contract(...)
  • Developed Country
    Developed Country is a term used in generally and in economics to describe a country thought to be(...)
  • Developing Country
    Developing Country is a term used in Economics to describe countries broadly associated with the(...)
  • Dilutive Security
    Dilutive Security is a term used in Business Valuation and Finance to describe a financial instrument(...)
  • Dilutive Value
    Dilutive Value is a term used in Business Valuation and Financial Markets to describe a circumstance(...)
  • Director
    Director is a term used in Business Transition, Business Valuation, business generally and Corporate Law(...)
  • Disability
    Disability is a term in generally usage used to describe a state of personal health that precludes(...)
  • Discount for Illiquidity
    Discount for Illiquidity is a term used in Business Transition, Business Valuation and Finance to(...)
  • Discount for Non-Control
    Discount for Non-Control is a term used in Business Transition, Business Valuation and business(...)
  • Discount Rate
    Discount Rate is a term used in Business Valuation and Finance to describe a rate of return to convert a(...)
  • Discounted Cash Flow Business Valuation Methodology
    Discounted Cash Flow Business Valuation Methodology is a term used in Business Valuation and Finance to(...)
  • Discretionary Cash Flow
    Discretionary Cash Flow (or After-tax Discretionary Cash Flow, or After-tax Discretionary Free Cash(...)
  • Disrespect
    Disrespect is a term used in Business Transition and in general usage to describe the expression or(...)
  • Dissent Remedy
    In Canada, and perhaps other jurisdictions, Dissent Remedy (or Dissent Right) is a term used in(...)
  • Dissent Right
    In Canada, and perhaps other jurisdictions, Dissent Right (or Dissent Remedy) is a term used to in(...)
  • Diversified Business
    Diversified Business is a term used in Business Transition, Business Valuation and business generally to(...)
  • Domestic Contract
    Domestic Contract is a term used in Business Transition and Family Law (Matrimonial Law) to describe a(...)
  • Draconian
    Is a term that makes reference to Draco, a 7th century BC Athenian lawmaker, whose harsh legal code(...)
  • e

  • Earnout
    Earnout is a term used in Business Transition, Business Valuation and Mergers and Acquisitions to(...)
  • EBIT
    EBIT is a term used in Business Transition, Business Valuation and Finance. EBIT is an acronym for(...)
  • EBITDA
    EBITDA is a term used in Business Transition, Business Valuation, Mergers and Acquisitions and Finance.(...)
  • EBITDA Multiple
    EBITDA is an acronym for Earnings Before Interest Taxes Depreciation and Amortization. An EBITDA(...)
  • ECB
    ECB is a term used in economics. ECB is an acronym for European Central Bank., the Frankfurt, Germany(...)
  • Economic Life
    Economic Life is a term used in Business Transition, Business Valuation, Economics and Finance to(...)
  • Economies of Scale
    Economies of Scale is a term used in Business Transition, Business Valuation, Mergers and Acquisition(...)
  • Economy
    Economy is a term used to describe an interactive network of governments, producers, distributors, and(...)
  • Efficient Market Theory
    Efficient Market Theory is a term used in Finance and Financial Markets to describe a theory or(...)
  • EIA
    EIA is an acronym for The United States Energy Information Administration. The EIA collects, analyzes(...)
  • Eligible Capital Property
    Eligible Capital Property is a term used in Canada in Income Tax, and hence in Business Transition,(...)
  • Emotional Intelligence
    Emotional Intelligence is a term used in Business Transition, Business Valuation and general usage to(...)
  • En Bloc Value
    En Bloc Value be it En Bloc Fair Market Value, some other value term that includes the term En Bloc, or(...)
  • Enterprise Multiple
    An Enterprise Multiple is a factor used to determine, or to assist in determining, the Enterprise Value(...)
  • Enterprise Value
    Enterprise Value is a term used in Business Valuation and Finance to describe the aggregate value of the(...)
  • Entitled
    Entitled is a term in general usage, and that may be applicable in the context of Business Transition,(...)
  • Entitled Family Member
    Entitled Family Member is a term used in Business Transition to describe a member of a Business Family(...)
  • Entrepreneur
    Entrepreneur is a term used in Business and general usage to describe a person - commonly seen as an(...)
  • EPA
    EPA is a term used in Economics, Politics and general use. EPA is an acronym for Environmental Protection Act.
  • Equalization Payment
    Equalization Payment is a term used in Canadian Family Law (Matrimonial Law) to describe a payment made(...)
  • Equity Value
    The value of a business to all its owners, or the value to a particular owner of that portion of the(...)
  • Estate
    One's real and personal vested and contingent property, particularly as disposed of in a Will.
  • Estate Freeze
    An income tax planning mechanism that limits future growth in business value for current owners and(...)
  • Estate Planning
    The process of planning during the course of one's life for the disposal of their assets during their(...)
  • ETF
    Acronym for Exchange Traded Fund
  • EU
    Acronym for European Union
  • Euro
    Eurozone Currency
  • European Central Bank
    The European Central Bank is the Central Bank for the euro. As such, it administers Eurozone monetary(...)
  • Eurozone (Euro Zone)
    The Eurozone is a monetary union of 19 of the 28 European Union member states. The Euro is the common(...)
  • Expert
    A person with a high degree of skill in or knowledge of a certain subject.
  • Expert Report
    A report prepared and delivered by a person claiming to be an expert.
  • Externally Financed Transaction
    The purchase of a business or a business ownership interest where the funding of the acquisition is(...)
  • f

  • Fair Market Value
    Fair Market Value is a term used in Business Transition, Business Valuation and business generally where(...)
  • Fair Value
    In Canada, a statutorily imposed value term used in connection with a shareholder Dissent Right (or(...)
  • Family
    Family is a term in general use that is defined as a specific group of people related by blood, marriage(...)
  • Family Business
    Family Business is a term used in Business Transition, Business Valuation and generally to describe a(...)
  • Family Business Hurdles
    Family Business Hurdles is a term used in Business Transition and Business Succession to describe(...)
  • Family Business Transition
    Family Business Transition is a term used in Business Transition (Business Succession) to describe the(...)
  • Family Control
    Family Control is a term used in Business Transition and Business Valuation to describe the circumstance(...)
  • Family Council
    Family Council is a term used in Business Transition to describe a communication forum (not a(...)
  • Family Growth
    Family Growth is a term used in Business Transition to describe the growth in the number of living(...)
  • Family Law
    Family Law, or Matrimonial Law, is that branch of law that pertains to federal, provincial,or state(...)
  • Family Law Statutes
    Family Law Statutes is a term used in Business Transition and general usage to describe Court decisions(...)
  • Family Meeting
    Family Meeting is a term used in Business Transition (Business Succession) to describe a forum in which(...)
  • Family Office
    Family Office is a term used in Business Transition to describe a business separate from a Family(...)
  • Family Retreat
    Family Retreat is a term used in Business Transition to describe an event that brings Business Family(...)
  • Family Share Transaction
    Family Share Transaction is a term used in Business Transition and Business Valuation to describe a(...)
  • Federal Open Market Committee
    The Federal Open Market Committee (FOMC) is a U.S. Federal Reserve System (or more simply the U.S.(...)
  • Federal Reserve
    Federal Reserve is a term used in Economics and business to describe the U.S. Federal Reserve, the(...)
  • Fiat Currency
    Fiat Currency is a term used in Economics to describe paper money or coins of little or no intrinsic(...)
  • Fiduciary
    Fiduciary is a legal term in common use used to describe a person who has a duty to ideally not be a(...)
  • Fiduciary Duty
    Fiduciary Duty is at term used to describe the highest standard of care in either equity or common law.
  • Fiduciary Relationship
    Fiduciary Relationship is a term used to describe a legal or ethical trust relationship between two or(...)
  • Financial Buyer
    Financial Buyer is a term used in Business Transition, Business Valuation and Finance to describe a(...)
  • Financial Crisis
    Financial Crisis is a term used in Economics and Finance to describe a circumstance - be it global,(...)
  • Financial Leverage
    Financial Leverage is a term used in finance to describe the use of interest-bearing debt or other(...)
  • Financial Risk
    Financial Risk is a term used in Business Transition, Business Valuation and business generally to(...)
  • Financial Synergies
    Financial Synergies is a term used in Business Transition, Business Valuation, Mergers and Acquisitions(...)
  • Fiscal Crisis
    Fiscal Crisis is a term used in Economics to describe a crisis arising from a ‘structural gap’ in(...)
  • FOMC
    FOMC is an acronym used in Economics and generally as a descriptor for the Federal Open Market(...)
  • Force Out Premium
    Force Out Premium is a term used in Business Valuation in Canada, and perhaps in other jurisdictions, to(...)
  • Forced Liquidation
    The liquidation of a business where the cessation of the business and sale of its assets is immediate(...)
  • Forecast
    To Forecast is to predict future events, conditions or results as likely to occur, typically following(...)
  • Fracking
    Hydraulic fracturing is a well-stimulation technique in which rock is fractured by a pressurized liquid.(...)
  • Free Cash Flow
    In corporate finance, Free Cash Flow is a term used to describe the after-tax cash flow generated by a(...)
  • Free Trade
    Free Trade is the term used in circumstances where, typically by treaty, governments do not restrict(...)
  • g

  • G20
    G20 is an acronym used in Economics and generally to describe The Group of Twenty international forum(...)
  • G8
    G8 is an acronym used in Economics and generally to describe The Group of Eight industrialized nations(...)
  • GAAP
    GAAP is a term used in Accounting, Economics and Finance. GAAP is an acronym for Generally Accepted(...)
  • GDP
    GDP is a term used in Economics. GDP is an acronym for Gross Domestic Product.
  • GDP Growth
    GDP Growth is a term used to describe growth in Gross Domestic Product (or GDP), typically expressed as(...)
  • GDP Growth Rate
    GDP Growth Rate is a term used to describe a statistically determined value that measures how fast a(...)
  • Generally Accepted Accounting Principles
    Generally Accepted Accounting Principles (GAAP) is a term used in Accounting and business to decribe the(...)
  • Generational Business Succession
    Generational Business Succession is at term used in Business Transition and Business Succession to(...)
  • Generational Business Transition
    Generational Business Transition is at term used in Business Transition and Business Succession to(...)
  • Global Economic Growth
    Global Economic Growth is a term used in Economics to describe growth in world-wide economic activity,(...)
  • Global Economy
    Global Economy is a term used in Economics to describe world-wide economic activity among countries that(...)
  • Globalization
    Globalization is a term used in Economics and business to describe the international integration of(...)
  • Going Concern
    A business enterprise that at any given point in time is conducting viable operations and has every(...)
  • Going Concern Value
    The present value of all future benefits expected to accrue from ownership, where a business operation(...)
  • Good Leaver
    Good Leaver is a term used in Business Transition to describe a shareholder (or business owner) who(...)
  • Goodwill
    Simplistically, the difference between En Bloc Equity Value and the sum of Net Tangible Assets and(...)
  • Great Crash
    Great Crash is a term used in Economics and Financial Markets to describe the three trading days of(...)
  • Gridlock
    Gridlock is a term used in Economics and Politics to describe political deadlock or stalemate that(...)
  • Gross Domestic Product
    Gross Domestic Product (GDP) is a term used in Economics to describe the monetary value of all finished(...)
  • Gross Margin
    Gross Margin is a term used in Accounting, Business Valuation, Finance and business generally to(...)
  • Group Control
    The circumstance where a group of shareholders, who otherwise deal on an arm's length basis,(...)
  • h

  • Hard Landing
    In economics, a Hard Landing is a term used to describe a circumstance where an economy rapidly shifts(...)
  • HFT
    Acronym for High Frequency Trading.
  • High-Frequency Trading
    The use of computer algorithms to rapidly trade marketable securities and other financial instruments.(...)
  • Hindsight
    The use of information that was not available at the Valuation Date. In the context of Notional Market(...)
  • Holding Company
    A company that often has no active business operations. Rather it owns passive interests in investment(...)
  • Horizontal Analysis
    The process of comparing actual or projected results of a business with the objective of detecting(...)
  • Horizontal Benchmarking
    Horizontal Benchmarking is a term used in Director, executive and other employee compensation(...)
  • Hurdle Rate of Return
    A benchmark Rate of Return (or Discount Rate) that is applied to projected cash flow (generally(...)
  • Hyperinflation
    Hyperinflation is a term used to describe Inflation that is occurring at higher than what are generally(...)
  • i

  • Identifiable Intangible Assets
    In the context of a Purchase Price Allocation the total Intangible Value paid in an Open Market(...)
  • IFRSs
    International Reporting Standards
  • IMF
    International Monetary Fund
  • Industry
    A group of companies and businesses whose primary business activities are similar or related to one another.
  • Industry Specific Activity Ratios
    Commonly used criteria within a specific industry used to gauge an element of business value. See Rules(...)
  • Inflation
    Inflation is a term used in Economics to describe the amount, typically expressed in percentage terms,(...)
  • Influencers
    Persons who have and exercise the capacity or power to impact, positively or negatively, the opinions(...)
  • Infrastructure
    Bridges, internet deliver systems, ports, power generation plants and delivery systems, public(...)
  • Initial Public Offering
    The first offering for sale of a company's share capital to the public. An Initial Public Offering(...)
  • Insolvency
    The inability of an individual or corporation to pay debt obligations as they become due.
  • Intangible Operating Synergies
    That portion of total Post-acquisition Synergies relating to Strategic Advantage or other benefits that(...)
  • Intangible Value
    An Intangible Asset is an asset that lacks physical substance. Examples include patents, copyrights,(...)
  • Intellectual Intelligence
    Intellectual Intelligence can be generally defined as the ability to perceive, retain, and apply new and(...)
  • Intelligence
    Intelligence is defined as the ability to (1) learn or understand, (2) deal with new or trying(...)
  • Inter Vivos Trust
    A revocable trust created while the donor is still alive, to hold property for the benefit of another.
  • Interest Rate
    The percentage rate paid by debtors (borrowers) for the use of money they borrow from creditors(...)
  • Internal Rate of Return
    The Discount Rate that equates the present value of expected cash outflows to the present value of(...)
  • Internally Financed Transaction
    A transaction in company shares paid for all or in part by the company.
  • International Monetary Fund
    Founded in 1945 in Bretton Woods, New Hampshire by United States economists John Maynard Keynes and(...)
  • Intrinsic Value
    Intrinsic Value is a term used in Business Transition and Business Valuation to describe a Notional(...)
  • Inventory Turnover
    Inventory Turnover is a term used in business and accounting as a measurement of the number times the(...)
  • Investment Bank
    An Investment Bank is a financial institution that (1) acts as an intermediary in the raising of(...)
  • IPO
    Acronym for Initial Public Offer.
  • j

  • Junk Bonds
    A colloquial term for a high-yield or non-investment grade bonds with a Standard & Poors rating of 'BB'(...)
  • Jurisprudence
    Jurisprudence is a legal term relevant to Business Transition, Business Valuation and business(...)
  • k

  • Keynesian Economics
    Keynesian Economics is a term used to refer to the school of economics developed by British economist(...)
  • l

  • Legacy
    Something handed down from one generation to the next.
  • Letter of Intent
    A Letter of Intent is a document, similar to a Heads of Agreement, Memorandum of Understanding or Term(...)
  • Leverage
    The relationship between interest-bearing debt and equity in a business (Financial Leverage).(...)
  • Leveraged Buyout
    A transaction where an acquiror borrows against the assets of the acquired business to fund all or part(...)
  • Levered Cost of Equity
    A Discount Rate or Capitalization Rate that reflects the cost of equity capital to a business, taking(...)
  • Lineal Descendancy
    A construct in generational and multi-generational family business transition that sees only lineal(...)
  • Lineal Descendant
    A blood relative in a person’s direct line of descent; that is, a child, grandchild, great-grandchild(...)
  • Liquidation
    The process of converting assets into cash.
  • Liquidation Value
    The net amount available to equity owners following a voluntary liquidation of a business, a(...)
  • Liquidity
    The ability to readily convert non-cash assets into cash for reasonably certain proceeds. Alternately,(...)
  • m

  • M0
    In general, with some variation between countries, M0 and M1 includes coins, notes in circulation, and(...)
  • M1
    In general, with some variation between countries, M0 and M1 includes coins, notes in circulation, and(...)
  • M2
    In general, with some variation between countries, M0 and M1 includes coins, notes in circulation, and(...)
  • M3
    In general, with some variation between countries, M0 and M1 includes coins, notes in circulation, and(...)
  • M4
    In general, with some variation between countries, M0 and M1 includes coins, notes in circulation, and(...)
  • Macroeconomics
    Macroeconomics (or Macro-economics is a term used in Economics to describe national, regional and the(...)
  • Main Street
    Colloquially, a term used to refer to Middle Class employees, consumers and investors who live a "Main(...)
  • Mainstream Media
    Mainstream Media is a term used to define mass media that influences a large number of people and is(...)
  • Management Agreement
    An agreement between two parties in which one of the parties agrees to offer either general or specific(...)
  • Mandatory Sale Provision
    The obligation of a minority shareholder to sell with the Controlling Interest in the business a the(...)
  • Mark-to-Market Accounting
    Mark-to-Market Accounting (or Mark to Market Accounting, or Fair Value Accounting) is an accounting term(...)
  • Matrimonial Law
    Matrimonial Law, or Family Law, is that branch of law that pertains to federal, provincial,or state(...)
  • Mediation
    A form of dispute resolution used to settle disputes between two or more parties in which a third party(...)
  • Meritocracy
    Governance by elites who believe they deserve to wield power because they possess merit (defined as(...)
  • Microeconomics
    Microeconomics (or Micro-economics) is a term used in Economics to describe the economic analysis of(...)
  • Minority Discount
    The reduction from pro rata value of the en bloc value of the ownership interests or assets of a(...)
  • Minority Shareholder
    Minority Shareholder is a term used in Business Transition, Business Valuation and business generally to(...)
  • Minority Shareholding
    Minority Shareholding is a term used in Business Transition, Business Valuation and business generally(...)
  • Monetary Policy
    Monetary Policy is a term used in Economics to describe the macroeconomic policy established and(...)
  • Monetary System
    Monetary System is a term used in Economics to describe a government controlled system that issues a(...)
  • Monopoly
    Monopoly is a term used in Economics to describe a specific market controlled by a single business.
  • Multi-Generational Business Transition
    Multi-Generational Business Transition is a term used in Business Transition (Business Succession) to(...)
  • Multinational Corporation
    A Multinational Corporation is a term used in economics and business to refer to a corporation that(...)
  • Multiple
    The reciprocal of Capitalization Rate.
  • n

  • Net Book Value
    With respect to individual assets or liabilities the capitalized cost or otherwise determined book value(...)
  • Net Income
    The amount remaining when all expenses, including income taxes, incurred and accrued during an(...)
  • Net Realizable Value
    The net proceeds resulting from the sale of business or business asset, net of all costs of disposition(...)
  • Net Trade Working Capital
    The amount by which trade accounts receivable and inventories exceeds accounts payable and accrued(...)
  • New Normal
    New Normal is a term used in Macro-Economics, Country-Specific Economics, Financial Markets and Business(...)
  • Niche Market
    A Niche Market is a small market for products or services specifically aimed at satisfying the products(...)
  • Nominal Rate of Return
    A Discount Rate that includes both an Inflation component and a Real Rate of Return.
  • Non-Competition Agreement
    An agreement between parties where one of the parties agrees not compete with the other parties for a(...)
  • Non-identifiable Intangible Assets
    Intangible assets that cannot be readily segregated from the operations of a business, for example(...)
  • Notional Market Value
    Notional Market Value is a term used in Business Transition, Business Valuation and Finance to describe(...)
  • Notional Value
    Notional Value is a term used in Business Transition, Business Valuation and Finance to describe a value(...)
  • o

  • Offshoring
    Offshoring (or Off-shoring) is a term used to describe the relocation of manufacturing labor or some(...)
  • Oligopoly
    Oligopoly is a term used in Economics to describe a specific market that is controlled by a small number(...)
  • OPEC
    OPEC is a term used in Economics and generally. OPEC is an acronym for the 13 member Organization of(...)
  • Open Market Price
    Open Market Price is a term used in Business Valuation and Financial Markets to describe the amount an(...)
  • Open Market Transaction
    Open Market Transaction is a term used in Business Transition and Business Valuation to describe the(...)
  • Operating Assets
    Operating Assets is a term used in Business Transition, Business Valuation and business generally to(...)
  • Operating Leverage
    Operating Leverage is a term used in Business Transition, Business Valuation and business generally to(...)
  • Opportunity Cost
    Opportunity Cost is a term that is used to describe the value of benefits sacrificed in selecting a(...)
  • Oppression Remedy
    Oppression Remedy is a term used in Business Transition, Business Valuation and business generally to(...)
  • Orderly Liquidation
    Orderly Liquidation is a term used in business to describe the sale of assets pursuant to a liquidation(...)
  • Organic Growth
    Organic Growth is a term used in business to describe growth in revenue, profit, free cash flow and(...)
  • Organization of Petroleum Exporting Countries
    Organization of Petroleum Exporting Countries, founded in 1960, in January 2016 had 13 members that(...)
  • Outsourcing
    Outsourcing (or out-sourcing) is an arrangement pursuant to which a company provides services for(...)
  • Over-levered
    Over-levered (or Overleveraged) is a term used in Business Transition, Business Valuation, Economics and(...)
  • Over-The-Counter Market
    Over-The-Counter Market is a term used in Finance to describe a market where securities or commodities(...)
  • p

  • Partnership
    Partnership is a term used in Business to describe a form of business organization or arrangement where(...)
  • Per Share Value
    Per Share Value (Pro Rata Share Value) is a term used in Business Transition, Business Valuation and(...)
  • Personal Goodwill
    Personal Goodwill is a term used in Business Transition and Business Valuation to describe the unique(...)
  • Personal Value System
    Personal Value System is a term used in Business Transition and generally to describe the set of values(...)
  • Phantom Stock
    Phantom Stock is a term used in Business Transition and Finance to describe a form of deferred cash(...)
  • PMI
    PMI is a term used in Economics. PMI is an acronym for Purchasing Managers' Index. Generated on a(...)
  • Post-acquisition Synergies
    Post-acquisition Synergies is a term used in Business Transition, Business Valuation and Finance to(...)
  • Preference Shares
    Preference Shares is a term used in Corporate Law and business generally to describe one or more classes(...)
  • Preferred Shares
    Preferred Shares is a term used in Corporate Law and business generally to describe one or more classes(...)
  • Premium for Control
    Premium for Control is a term used in Business Valuation to describe the amount by which based on(...)
  • Premium for Forcible Taking
    Premium for Forcible Taking is a term used in Business Valuation in Canada, and perhaps in other(...)
  • Prenuptial Agreement
    Prenuptial Agreement is a term used in Family Law (Matrimonial Law) to describe a written contract(...)
  • Price
    Price is a term used in Business Transition, Business Valuation, and Mergers and Acquisitions to(...)
  • Price Earnings Multiple
    Price Earnings Multiple is a term used in Business Valuation and the Financial Markets to describe the(...)
  • Price Earnings Ratio
    Price Earnings Ratio (P/E Ratio) is a term used in Business Valuation and Financial Markets to describe(...)
  • Primary Offering
    Primary Offering (or Primary Share Offering) is a term used in Business Valuation, Finance and Financial(...)
  • Primary Share Offering
    Primary Share Offering (or Primary Offering) is a term used in Business Valuation, Finance and Financial(...)
  • Private Equity
    Private Equity is a term used in Business Transition and Finance to describe businesses (Private Equity(...)
  • Privately Held Company
    Privately Held Company is a term used in Business Transition, Business Valuation and business generally(...)
  • Pro Forma
    Pro Forma is a term used in business and general usage to describe a document, financial statement or(...)
  • Pro Rata Share Value
    Pro Rata Share Value (or Per-Share Value) is a term used in Business Transition, Business Valuation, and(...)
  • Product Life Cycle
    Product Life Cycle is a term used in Business Transition, Business Valuation and business generally to(...)
  • Proposal to Creditors
    Proposal to Creditors is a term used in Business Valuation and business generally to describe a proposal(...)
  • Pruning
    Pruning is a term used in Business Transition to describe a process whereby the number of family-member(...)
  • Public Company
    Public Company is a term used in Business, Finance and Financial Markets to describe a company whose(...)
  • Purchase Price Allocation
    Purchase Price Allocation is a term used in Accounting, Business Valuation and business generally to(...)
  • Purchasing Managers' Index
    Purchasing Managers' Index (PMI) is a term used in Economics to describe an economic indicator generated(...)
  • Put Option
    Put Option is a term used in Business Transition, Business Valuation and Finance to describe a financial(...)
  • q

  • Quantitative Easing
    Quantitative Easing is a term used in Economics to describe one or more monetary policies used by(...)
  • r

  • Ratable Value
    That portion of the En Bloc Value represented by each ownership percentage. Sinuous with Pro Rata Value.
  • Rate of Return
    The return realized on an investment expressed as a percentage of that investment.
  • Real Estate
    An identified parcel or tract of land including any improvements.
  • Real Interest Rate
    An interest rate stated without inclusion of an Inflation component. Contrast with Interest Rate, a term(...)
  • Real Rate of Return
    A Discount Rate or Capitalization Rate that excludes consideration of inflation, as contrasted with a(...)
  • Really Simple Syndication
    Rich Site Summary, also called Really Simple Syndication, (acronym RSS) refers to internet feed formats(...)
  • Receivership
    The legal status of a debtor where a Receiver has been appointed.
  • Recession
    In economics Recession is typically is technically defined for any given economy as two consecutive(...)
  • Redundant Asset
    Redundant Asset is a term used in Business Transition, Business Valuation, and business generally to(...)
  • Replacement Cost
    The current cost of a new asset having the nearest equivalent utility to the asset being appraised.
  • Reserve Requirement
    Reserve Requirement is a term used in Economics and Banking to describe the ratio of deposits and notes(...)
  • Retired
    Simplistically, having given up one's work.
  • Retractable Preferred Shares
    Preferred Shares issued by a company that contractually entitle their owner to demand that they be(...)
  • Right of First Offer
    A contractual right that enables a shareholder who wants to divest his/her/its shareholding to first(...)
  • Right of First Refusal
    A contractual right that precludes a shareholder from selling his/her/its shareholding to a third-party(...)
  • Risk Profile
    An evaluation of a person's or organization's willingness to take risks, as well as the threats to which(...)
  • Risk-free Rate of Return
    The prevailing Rate of Return on long-term money market investments generally perceived to be(...)
  • RSS
    Rich Site Summary, also called Really Simple Syndication, (acronym RSS) refers to internet feed formats(...)
  • Rules of Thumb
    Commonly used criteria within a specific industry used to gauge an element of business value. See(...)
  • s

  • SAR
    SAR is an acronym for Stock Appreciation Rights used in Business Transition, Business Valuation and(...)
  • Say on Pay
    Say on pay is a term used to in Corporate Law to describe a nonbinding vote by shareholders on whether(...)
  • Secondary Share Offering
    An offering of some or all of the outstanding shares of a company by one or more shareholders to other(...)
  • Security Analysis
    The analysis of the publicly traded securities of a company based on financial models and utilizing(...)
  • Self-Interest
    Having regard first and foremost for one's own interest or advantage, especially with disregard for the(...)
  • Service Sector
    That portion of an economy that offers or produces intangible goods.
  • Share (or Stock) Option
    A contractual entitlement granted or sold by a company or a company shareholder to another party that(...)
  • Share Buyback Program
    The reacquisition by a company of some of its own outstanding shares.
  • Share Liquidity Rules
    In Business Transition and Business Succession formalized rules that are contractually agreed to,(...)
  • Share Ownership Rules
    In Business Transition and Business Succession formalized rules that are contractually agreed to,(...)
  • Share Transaction
    The sale of a shareholding.
  • Share Valuation Rules
    In Business Transition and Business Succession formalized rules that are contractually agreed to,(...)
  • Shareholder
    Any person, company or institution that owns at least one share of a company’s stock.
  • Shareholder Agreement
    An agreement between the shareholders of a company that among other things establishes rules by which(...)
  • Shareholder Equity
    The aggregation of a company’s paid-in capital, retained earnings, contributed surplus, appraisal(...)
  • Shotgun Clause
    A contractual agreement where one shareholder of a company can offer to purchase the shares of a second(...)
  • Soft Landing
    In economics, a Soft Landing is a term used to describe a circumstance where an economy's growth rate(...)
  • Sovereign Debt
    Debt issued by a National Government, typically in the currency of that country.
  • Special Interest Purchaser
    A purchaser who is able to generate Post-acquisition Synergies or Strategic Advantages by combining an(...)
  • Spousal Support
    A series of payments to a separated or ex-spouse according to a divorce decree or separation agreement.
  • Squeeze-out
    A corporate action taken by a controlling shareholder where the prevailing corporate statute enables the(...)
  • Stagflation
    Stagflation is a term used in economics to describe an economic environment where at the same time (1)(...)
  • Standalone Value
    Standalone Value (or Stand-alone Value) is a term used in Business Transition and Business Valuation to(...)
  • Statistics
    A branch of mathematics concerned with collection, classification, analysis, and interpretation of(...)
  • Stock Appreciation Right
    Stock Appreciation Right (SAR) is a term used in Business Transition and business generally to describe(...)
  • Strategic Purchaser
    A purchaser of a business who, subsequent to acquisition, can realize economies of scale or synergies by(...)
  • Strategic Value
    In the context of Business Transition and Business Valuation, Strategic Value is value that is, or may(...)
  • Structural Unemployment
    Structural Unemployment means unemployment in an economy resulting from persons looking for jobs not(...)
  • Sustaining Capital Reinvestment
    In Business Valuation, Sustaining Capital Reinvestment is defined as the capital outlay over and above(...)
  • SWOT Analysis
    The process of assessing the strengths, weaknesses, opportunities and threats of a given business.
  • Synergies
    Post-acquisition benefits that accrue to the purchaser of a business.
  • Synergy
    The effect created by Economies of Scale or other post-acquisition benefits that increase the(...)
  • Systemic Risk
    Systemic Risk is a term used in Economics and Finance to describe the risk of the collapse of an entire(...)
  • t

  • Tag-Along Right
    Tag-Along Right is a term used in Business Transition and business to describe the right afforded to a(...)
  • Tangible Net Worth
    Shareholders' equity, net of intangibles.
  • Tar Sands
    Tar Sands (also referred to as oil sands) are a combination of clay, sand, water, and bitumen (a heavy(...)
  • Tax Shield
    The present value of tax savings anticipated to accrue from ownership of capital assets not fully(...)
  • Technological Unemployment
    Technological Unemployment is a term used in economics to describe unemployment that results from(...)
  • Thesis
    A Thesis is a statement or theory that is put forward as a premise to be maintained or proved.
  • Threshold Rate of Return
    A benchmark Rate of Return (or Discount Rate) that is applied to projected cash flow (generally(...)
  • Transfer Pricing
    Transfer Pricing is a term used in economics and business to describe a process pursuant to which the(...)
  • Transition
    Movement, passage or change from one circumstance, relationship, physical position or state of mind or(...)
  • Transition Administrator
    In Business Transition and Business Succession, a person engaged (an employee or advisor) to oversee and(...)
  • Transition Outcomes
    In Business Transition and Business Succession the term Transition Outcomes is used to describe the(...)
  • Trillion
    Trillion is a term used to describe an number or amount equal to one Thousand Billion, a Billion being(...)
  • u

  • Unanimous Shareholder Agreement
    A type of Shareholder Agreement that may override common law by restricting the powers of company(...)
  • Undepreciated Capital Cost
    The remaining balance for income tax purposes of depreciable capital assets.
  • Underground Economy
    Underground Economy is a term used in Economics to describe a market in which goods or services are(...)
  • Unemployment Rate
    Simplistically, an Unemployment Rate is expressed at a point in time as the percentage of a total labor(...)
  • Unincorporated Business
    An Unincorporated Business is a business that functions as a proprietorship, a partnership, a trust, or(...)
  • Unlevered Cost of Equity
    A Discount Rate or Capitalization Rate that assumes a debt-free Capital Structure.
  • v

  • Valuation
    The act or process of determining the value of something. See Appraisal.
  • Valuation Date
    The specific point in time at which a value or price determination is made.
  • Value
    A return or equivalent in goods, services, or money for something exchanged.
  • Value Impairment
    The permanent decline in the value of an asset.
  • Value in Exchange
    The worth of an asset or pool of assets if sold in the open market.
  • Value in Use
    The value of the tangible assets of an operating business viewed as a pool of assets in a specific use.(...)
  • Value System
    A Value System is the set of consistent personal and ethical values - or moral code - that each person(...)
  • Value to Owner
    The value of an asset or pool of assets to its owner(s). The term Value to Owner can be used to describe(...)
  • VAT
    Acronym for Value Added Tax.
  • Vendor
    Someone or an entity that sells something to another.
  • Vendor Take-back
    Non-cash consideration taken by a vendor in a transaction that results in a deferred payment of part of(...)
  • Venture Capital
    Money provided by investors to startup firms and small businesses with perceived long-term growth potential.
  • Vertical Analysis
    The process of analyzing the financial statements with the purpose of understanding financial(...)
  • Volatility
    In economics and finance volatility is the degree of variation of a statistical or numeric series over(...)
  • w

  • WACC
    WACC is an acronym for Weighted Average Cost of Capital.
  • Warranty
    In contract law, a Warranty generally means a contractual assurance by one party to another that(...)
  • Wealth
    Wealth is a term used to describe a measure of the aggregate value of all of the saleable assets owned(...)
  • Wealth Inequality
    Wealth Inequality, or Wealth Disparity, is a measure of an unequal distribution of saleable assets(...)
  • Weighted Average Cost of Capital
    A Weighted Average Cost of Capital is a Rate of Return determined as the weighted average of the(...)
  • Weimar Republic
    Weimar Republic is a name used as a substitute for The German Republic of 1919–33, whose constitution(...)
  • Wind-up
    In business and economics Wind-up is a term used to describe the process of discontinuing the operations(...)
  • Working Capital
    Working Capital is a term used in Accounting, Business Valuation, and Business Transition to describe(...)
  • World Bank
    The World Bank - part of the United Nations system - consists of the International Bank for(...)
  • x

  • Xenocurrency
    Xenocurrency is an infrequently used term sometimes adopted to describe a Fiat Currency that trades in(...)
  • y

  • Youth Unemployment
    In economics, an unemployed person is someone who is of an officially designated working age, willing(...)
  • z

  • Zero Coupon Bond
    In economics, business, and finance a Zero Coupon Bond is a debt security available for purchase at a(...)