Holder in due course and Project appraisal: Difference between pages

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imported>Doug Williamson
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A person who has acquired possession of a negotiable instrument through proper negotiation for value, in good faith, and without notice of any defects to it.
1.
 
The evaluation and selection of projects which are most likely to maximise shareholders' wealth, by the comparative analysis of their expected cashflows.
 
 
2.
 
Similar evaluation techniques taking account of additional factors and considerations - as well as the expected project cashflows - including for example the existence of real options.
 
 
Also known as ''Project analysis.''
 
 
Note for both definitons above that ''projects'' are anything involving expenditures for which the benefits, or some of them, occur at a different time from that of the expenditure or some it.
 
As well as capital expenditure, included are, for example, acquisitions and disposals, marketing expenditure, advertising, staff training or buying a new coffee pot for a staff refreshment station.
 
It is only worthwile devoting time and effort in formal project appraisal for projects involving material amounts of expenditure.
 


== See also ==
== See also ==
* [[Bearer instrument]]
* [[Real option]]
* [[Bill of exchange]]
* [[Real options valuation]]
* [[Negotiable instrument]]
* [[Sunk costs]]
* [[Promissory note]]
 
 
=== Other resources ===
* [[Media:2015_07_July_-_Hidden_treasure.pdf| Hidden treasure, The Treasurer, 2015]]


[[Category:Financial_products_and_markets]]
[[Category:Corporate_finance]]

Revision as of 19:43, 20 November 2015

1.

The evaluation and selection of projects which are most likely to maximise shareholders' wealth, by the comparative analysis of their expected cashflows.


2.

Similar evaluation techniques taking account of additional factors and considerations - as well as the expected project cashflows - including for example the existence of real options.


Also known as Project analysis.


Note for both definitons above that projects are anything involving expenditures for which the benefits, or some of them, occur at a different time from that of the expenditure or some it.

As well as capital expenditure, included are, for example, acquisitions and disposals, marketing expenditure, advertising, staff training or buying a new coffee pot for a staff refreshment station.

It is only worthwile devoting time and effort in formal project appraisal for projects involving material amounts of expenditure.


See also


Other resources