present value. The sum of money that, with compound interest, would amount to a specified sum at a specified future date; future value discounted to its value today. — Also termed present worth. adjusted present value. An asset’s value determined by adding together its present value and the value added by capital-structure effects. — Abbr. […]
The purchase of a publicly held corporation’s outstanding stock by its management or outside investors, financed mainly with funds borrowed from investment bankers or brokers and usu. secured by the corporation’s assets. — Abbr. LBO. [Cases: Corporations 116. C.J.S. Corporations §§ 233–240, 242.]
A charitable organization that is funded by a single source, derives its income from investments rather than contributions, and makes grants to other charitable organizations. • A private foundation is generally exempt from taxation. IRC (26 USCA) § 509. — Also termed private nonoperating foundation.
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A corporation’s gross income less capital gains and certain expenses. • The IRS uses this calculation to determine whether a corporation is a personal holding company. If 60% or more of a corporation’s AOGI consists of certain passive investment income, the company has met the test for personal-holding-company classification. IRC (26 USCA) § 543(b). —
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投资银行 英语：investment bank 法语：banque d’investissement, d’affaires 德语：Emissions- und Effektenbank 意大利语：banca di investimenti 西班牙语：banco de inversiones
capital flight. The sending of large amounts of investment money out of a country, usu. as a result of panic caused by political turmoil or a severe recession.
Small Business Administration/SBA 〈美〉小企业管理局 成立于1953年的独立联邦机构，其职能主要是：向小企业提供贷款和咨询；协助小企业获得适当份额的政府合同和转包、分包合同〔subcontract〕；援助水灾及其他自然灾害中的受害者；向小企业投资公司〔small business investment companies〕颁发许可证，向其贷款并对其进行管理。
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good, adj. 1. Sound or reliable (a good investment). 2. Valid, effectual, and enforceable; sufficient under the law (good title). good, n. See GOODS.
adjusted ordinary gross income/AOGI 〈美〉调整后的普通总收入 国内税务署依此来认定一个公司是否属于《国内税收法典》〔I.R.C.〕所规定的个人持股公司。如果一个公司60%以上的调整后普通总收入是由消极投资构成，该公司即属于个人持股公司。公司的总收入减去资本利得、I.R.C.第1231条所规定的所得以及特定费用后，即得出调整后的普通总收入。 (→personal holding company; personal holding company income; passive investment income)
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