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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Run-off

Fundamental analysis
Also called: Runoff, Harvesting a declining business

Operating a declining business for the cash it will return before it stops, rather than reinvesting to sustain it.

In plain terms

Valued as a perpetuity with the decline rate added to the discount rate. A business shrinking 8% a year is worth a low multiple of its cash, not nothing — provided the cash actually comes out.

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Indian stock market glossary · Market Vidyalaya