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This concept is different from the book value used by accountants in financial statements or for tax purposes. Accountants use the purchase price and subtract the accumulated depreciation in order to value the item on a balance sheet. Actual cash value uses the current replacement cost of a new item.
One of the unique features of cash value life insurance is the ability to borrow against the policy’s cash value. These loans don’t require credit checks, and they come with flexible repayment ...
Cash in saving accounts is generally for the saving purposes so that they are not used for daily expenses. Cash in checking accounts allow to write checks and use electronic debit to access funds in the account. Money order is a financial instrument issued by government or financial institutions which is used by payee to receive cash on demand ...
The determination of the cash value, both the base amount and the applicable surrender charge, in the contract can be explicit by determining the value for each surrender date (guaranteed cash values), by referring to the value of specific investments or subject to the discretion of the insurance company, which is often executed to bring cash values in line with values of the investments of ...
For example, using the $500 example from before, if you could earn 8 percent on your money over that three-year period, then the present value of that money is just $396.92.
An asset's initial book value is its actual cash value or its acquisition cost. Cash assets are recorded or "booked" at actual cash value. Assets such as buildings, land and equipment are valued based on their acquisition cost, which includes the actual cash cost of the asset plus certain costs tied to the purchase of the asset, such as broker fees.
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
So, this is a pre-equitized balance sheet that doesn't need a dollar, that has a swap in place to access the unsecured markets in a 10-year treasury market that's highly volatile.