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time value of money

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The recognition that a dollar in the present is more valuable than a dollar in the future. Software, present-value calculators, and present-value tables assist in converting future dollars to the present value in order to make a prudent decision. To learn more, see Explanation of Evaluating Business Investments.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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