Business Language
Time Value of Money
The idea that a dollar now is worth more than
a dollar in the future, even after adjusting for
inflation, because a dollar now can earn
interest or other appreciation until the time
the dollar in the future would be received.
This theory has its base in the calculation for
present value.
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‫ﻟﻐﺔ ﺍﻷﻋﻤﺎﻝ‬
‫ﺍﻟﻘﻴﻤﺔ ﺍﻟﺰﻣﻨﻴﺔ ﻟﻠﻨﻘﻮﺩ‬
‫ ﺣﺘﻰ ﻣﻊ ﺗﺤﻴﻴﺪ‬،‫ﺩﻳﻨﺎﺭ ﻻﺣﻘﺎ‬
ٍ ‫ﺇﻥ ﺩﻳﻨﺎﺭﺍً ﺍﻵﻥ ﻳﺴﺎﻭﻱ ﺃﻛﺜﺮ ﻣﻦ‬
‫ ﻭﺫﻟﻚ ﻷﻥ ﺍﻟﺪﻳﻨﺎﺭ ﺧﻼﻝ ﺍﻟﻤﺪﺓ ﺑﻴﻦ ﺍﻟﻠﺤﻈﺔ‬،‫ﺃﺛﺮ ﺍﻟﺘﻀﺨﻢ‬
‫ ﻳﻤﻜﻦ ﺃﻥ ﻳﺤﻘﻖ ﺯﻳﺎﺩﺓ‬،‫ﺍﻟﺤﺎﻟﻴﺔ ﻭﻟﺤﻈﺔ ﺍﺳﺘﻼﻣﻪ ﻓﻲ ﺍﻟﻤﺴﺘﻘﺒﻞ‬
‫ﻓﻲ ﻗﻴﻤﺘﻪ ﻣﻦ ﺧﻼﻝ ﺗﺸﻐﻴﻠﻪ ﻭﺟﻨﻲ ﺍﻷﺭﺑﺎﺡ ﻣﻦ ﺫﻟﻚ ﺃﻭ‬
‫ ﻭﺗﺸﻜﻞ ﻫﺬﻩ ﺍﻟﻨﻈﺮﻳﺔ ﺍﻟﻘﺎﻋﺪﺓ‬.‫ﺑﺈﻗﺮﺍﺿﻪ ﺑﻔﺎﺋﺪﺓ ﺃﻭ ﺑﻤﺮﺍﺑﺤﺔ‬
.‫ﺍﻟﺘﻲ ﻳﺘﻢ ﻋﻠﻰ ﺃﺳﺎﺳﻬﺎ ﺣﺴﺎﺏ ﺍﻟﻘﻴﻤﺔ ﺍﻟﺤﺎﻟﻴﺔ‬
‫ﻣﻮﻗﻊ ﺗﺠﻤﻊ ﻧﺎﺷﺮﻭﻥ‬