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It is the net present value of a project using the all-equity rate as a discount rate.

The effects of financing are incorporated in separate terms.

Act of State Doctrine: This doctrine says that a nation is sovereign within its own borders and its domestic actions may not be questioned in the courts of another nation. tax code, income from an active business as opposed to passive investment income. ABC) : An accounting method that allocates costs to specific products based on breakdowns of cost drivers.

Absolute-priority rule: The rule in bankruptcy or reorganization that claims of a set of claim holders must be paid, or settled, in full before the next, junior, set of claim holders may be paid anything.

Absorption and balance of trade: Total demand for goods and services by all residents (consumers, producers, and government) of a country (as opposed to total demand for that country's output).

The adjustment divides nominal amounts for different years by price indices for those years -- e.g.

the CPI (Consumer price index) or the implicit price deflator -- and multiplies by 100. valued at the prices of the base year for the price index.

Adjusted beta: An estimate of a security's future beta that involves modifying the security's historical (measured) beta owing to the assumption that the security's beta has a tendency to move over time toward the average beta for the market or the company's industry.

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