time value of money

time value of money The concept, used as the basis for discounted cash flow calculations, that cash received earlier is worth more than a similar sum received later, because the sum received earlier can be invested to earn interest in the intervening period. For the same reasons, cash paid out later is worth less than a similar sum paid at an earlier date.

• management buy-out
• management by exception
• management by walking around
• management company
• Management Consultancies Association
• management consultant
• management contracting
• management development
• management discussion and analysis
• management information system
• management letter
• management services
• management system
• managerial capitalism
• managing director
• manat
• man-hour
• manifest
• manufacturer brand
• manufacturers’ recommended price
• manufacturer’s agent
• manufacturing account
• manufacturing cost of finished goods
• manufacturing costs
• manufacturing overhead