Business / Finance / Fair Value: The rate of return that state governments allow a public utility to earn on its investments and expenditures. Utilities then use these profits to pay investors and provide service upgrades to their customers.
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Fair Adjective Synonyms: impartial, even-handed, disinterested, equitable, just, unprejudiced, unbiased, objective, square
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Business / Finance / Value-Added Tax: A manager who seeks to buy stocks that are at a discount to their 'fair value' and to sell them at or in excess of that value. Often a value stock is one with a low price-to-book value ratio. Opposite MORE
Business / Finance / Fair-And-Equitable Test: In the context of futures, the equilibrium price for futures contracts. Also called the theoretical futures price, which equals the spot price continuously compounded at the cost of carry rate for som MORE
Business / Finance / Present Value: The amount of cash today that is equivalent in value to a payment, or to a stream of payments, to be received in the future. To determine the present value, each future cash flow is multiplied by a pr MORE
Business / Finance / Present Value Factor: Factor 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)]. MORE
Business / Accounting / Present Value Of $1: The value today of $1 to be received or paid at some future date given a specified interest rate. MORE
Business / Finance / Parity Value: Related: Conversion value MORE