{"id":37,"date":"2023-11-02T04:10:55","date_gmt":"2023-11-02T04:10:55","guid":{"rendered":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/chapter\/glossary-of-terms\/"},"modified":"2024-09-25T08:31:49","modified_gmt":"2024-09-25T08:31:49","slug":"glossary-of-terms","status":"publish","type":"chapter","link":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/chapter\/glossary-of-terms\/","title":{"raw":"1.5 Key Terms","rendered":"1.5 Key Terms"},"content":{"raw":"[pb_glossary id=\"127\"]Depreciation[\/pb_glossary]\r\n\r\n[pb_glossary id=\"129\"]Economic gains[\/pb_glossary]\r\n\r\n[pb_glossary id=\"131\"]Inflation[\/pb_glossary]\r\n\r\n[pb_glossary id=\"133\"]Interest rate[\/pb_glossary]\r\n\r\n[pb_glossary id=\"135\"]Opportunity cost[\/pb_glossary]\r\n\r\n[pb_glossary id=\"137\"]Saving[\/pb_glossary]\r\n\r\n[pb_glossary id=\"139\"]Time value of money[\/pb_glossary]","rendered":"<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_37_127\">Depreciation<\/a><\/p>\n<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_37_129\">Economic gains<\/a><\/p>\n<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_37_131\">Inflation<\/a><\/p>\n<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_37_133\">Interest rate<\/a><\/p>\n<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_37_135\">Opportunity cost<\/a><\/p>\n<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_37_137\">Saving<\/a><\/p>\n<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_37_139\">Time value of money<\/a><\/p>\n<div class=\"glossary\"><span class=\"screen-reader-text\" id=\"definition\">definition<\/span><template id=\"term_37_127\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_37_127\"><div tabindex=\"-1\"><p>An accounting method used to allocate the cost of a tangible or physical asset over its useful life.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_37_129\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_37_129\"><div tabindex=\"-1\"><p>Economic gain or economic profit refers to the difference between the revenue received from the sale of an output and the costs of all inputs used, as well as any opportunity costs.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_37_131\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_37_131\"><div tabindex=\"-1\"><p>A rise in prices, which can be translated as the decline of puchasing power over time.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_37_133\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_37_133\"><div tabindex=\"-1\"><p>The amount a lender charges a borrower and is a percentage of the principal-the amount loaned.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_37_135\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_37_135\"><div tabindex=\"-1\"><p>The potential benefits that an individual, investor, or business misses out on when choosing one alternative over another.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_37_137\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_37_137\"><div tabindex=\"-1\"><p>The amount of money left over after spending and other obligations are deducted from earnings.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_37_139\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_37_139\"><div tabindex=\"-1\"><p>A financial principle that states the value of a dollar today is worth more than the value of a dollar in the future.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><\/div>","protected":false},"author":43,"menu_order":5,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[49],"contributor":[],"license":[54],"class_list":["post-37","chapter","type-chapter","status-publish","hentry","chapter-type-numberless","license-cc-by-sa"],"part":26,"_links":{"self":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/37","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/users\/43"}],"version-history":[{"count":2,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/37\/revisions"}],"predecessor-version":[{"id":185,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/37\/revisions\/185"}],"part":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/parts\/26"}],"metadata":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/37\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/media?parent=37"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=37"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/contributor?post=37"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/license?post=37"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}