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In finance, discounting is a mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee. [1]
In financial economics, the dividend discount model (DDM) is a method of valuing the price of a company's capital stock or business value based on the assertion that intrinsic value is determined by the sum of future cash flows from dividend payments to shareholders, discounted back to their present value.
Statue of David Hansemann (1790-1864), founder of the Disconto-Gesellschaft, in Aachen Limited partnership share of the Disconto-Gesellschaft, issued 28. March 1922. The Direktion der Disconto-Gesellschaft was established on 6 June 1851 at the initiative of David Hansemann, who had resigned two months later from his position as head of the Bank of Prussia.
It was established in 1913 by local industrialists and landowners, including by Witold Kukowski [], who became its CEO, principal shareholder and member of the supervisory board; Stefan Przanowski, who became its executive-chairman, principal shareholder and chairman of the supervisory board; and Emil Engwall, who became its principal shareholder, vice-chairman and its first capital investor.