Concept information
Preferred term
time value of money
Definition
- The term time value of money refers to the concepts and calculations behind the simple observation that a dollar to be received in one year, or at some arbitrary time in the future, is worth less than a dollar to be received today. Mortgage payments for physician offices, interest expense on equipment loans, and investment annuities are all examples of time value of money calculations. [Source: Encyclopedia of Health Care Management; Time Value of Money]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/time_value_of_money
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