An interest rate that reflects the return required by a lender and paid by a borrower, expressed as a percentage of the principal borrowed

A concept that maintains that the owner of a cash flow will value it differently, depending on when it occurs

A series of equal cash flows that occur at the beginning of each of the equally spaced intervals $($such as daily, monthly, quarterly, and so on$)$

A process that involves calculating the current value of a future cash flow or series of cash flows based on a certain interest rate

A rate that represents the return on an investor$$s best available alternative investment of equal risk