Related Words

Annuity Factor: Present value of $1 paid for each of t periods.

One-Factor APT: A special case of the arbitrage pricing theory that is derived from the one-factor model by using diversification and arbitrage. It shows that the expected return on any risky asset is a lin . . . View Full Definition

Olfactory Imagery: Imagery dealing with scent. See imagery.

Olfactory Hallucination: A hallucination involving the perception of odor, such as of burning rubber or decaying fish.

Old-Line Factoring: Factoring arrangement that provides collection, insurance, and finance for accounts receivable.

Period-Certain Annuity: An annuity that provides guaranteed payments to an annuitant for a specified period of time.

Pool Factor: The outstanding principal balance divided by the original principal balance with the result expressed as a decimal. Pool factors are published monthly by the Bond Buyer newspaper for Ginnie . . . View Full Definition

Present Value Of An Annuity: The value today of a series of equally spaced, equal-amount payments to be made or received in the future given a specified interest rate.

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)].

Power Factor: The ratio of the total power in watts (resistive load) to the total apparent power in voltamperes (VA) (reactive load). The difference between watts and VA is due to reactive load impedance. . . . View Full Definition