Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
C
- Cash Flow
- The movement of money into and out of an organisation over a given period, distinct from accounting profit.
- Cash Flow Projection
- An estimate of future cash inflows and outflows over a specified period, used to anticipate potential shortfalls before they occur.
F
- Financial Statement
- A formal record summarising an organisation's financial activities and position, typically comprising the income statement, balance sheet, and cash flow statement.
I
- Internal Rate of ReturnIRR
- The discount rate at which the net present value of a stream of cash flows equals zero, used to summarise an investment's return.
N
- Net Present ValueNPV
- The sum of a stream of future cash flows, each discounted to its present-day value, minus the initial cost of the investment.
P
- Present ValuePV
- The current worth of a future sum of money or cash flow stream, found by discounting each future amount using a specified discount rate.
S
- Statement of Cash Flows
- A financial statement summarising the cash generated and used by an organisation's operating, investing, and financing activities over a period.