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CRS is committed to providing its clients with the information they need, when they need it. To deliver on that promise, we've compiled an easy-to-use glossary for commonly-used industry terms and phrases.
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Glossary: A-D / E-H / I-L / M-P / Q-T / U-Z
Unlevered Beta – The beta reflecting a capital structure without debt.
Unsystematic Risk – The risk specific to an individual security that can be avoided through diversification.
Valuation - Also called an “Appraisal”. The act or process of determining the value of a business, business ownership interest, security or intangible asset.
Valuation Approach – Also called an “Appraisal Approach”. A general way of determining a value of a business, business ownership interest, security or intangible asset using one or more valuation methods.
Valuation Date – The exact point in time at which the appraiser’s opinion of value applies. (Also referred to as the “Appraisal Date” or “Effective Date”)
Valuation Method – Within approaches, a specific way of determining value.
Valuation Procedure – The act, manner and technique of performing the steps of an appraisal methodology.
Valuation Ratio – A fraction in which a value or price serves as the numerator and financial, operating or physical data serves as the denominator.
Value to the Owner – The estimated price a convertible security would sell for on the open market based on the values of a particular investor’s individual requirements and expectations. (Also called “Investment Value”)
Voting Control – Control of a business enterprise. Weighted Average Cost of Capital (WACC) – The cost of capital (discount rate) determined by the weighted average, at market value, of the cost of all financing sources in the business enterprise’s capital structure.
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