Metoda de estimare a valorii investitiei curente bazata pe reducerea veniturilor si costurilor proiectate in viitor. Cu cat mai departe in viitor apare un flux monetar, cu atat mai mult ii va fi acordata o reducere.
A method of estimating an investment's current value based on the discounting of projected future revenues and costs. The further into the future the flow occurs, the more heavily it will be discounted.