Money that a business or income trust expects to make in the future. This income is less sure than current cash flow. Also, a dollar may be worth less tomorrow than it is today. That‟s why investors often discount the stated value of future income.
Money that a business or income trust expects to make in the future. This income is less sure than current cash flow. Also, a dollar may be worth less tomorrow than it is today. That‟s why investors often discount the stated value of future income.