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What is the difference between an authorization and an appropriation?
Long-term Investment
Assets that are held for an extended period, typically over one year, to generate growth, income, or capital gains, such as stocks or real estate.
Present Value
The existing value of a forthcoming sum of money or cash flow sequence, adjusted for a specific return rate.
Inflation
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Great Recession
The severe global economic downturn that took place from late 2007 through early 2009, marked by significant declines in consumer wealth, financial markets, and economic activity worldwide.
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