Examlex
If you are convicted of criminal drug-related activities in your home, your personal property may be confiscated by the government (with no just compensation payment) without violating the Constitution.
Present Value
The valuation of an expected income stream determined by discounting the future income to the present using a discount rate.
Income Stream
A regular flow of money from an investment, property, or other financial assets.
Real Interest Rate
The interest rate adjusted for inflation, reflecting the real cost of borrowing or the real yield on savings.
Perfect Substitute
Two or more goods that can be used interchangeably with no loss of utility by the consumer.
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