现金价值

Cash flow plan is another important activity in cash flow management. It expresses the cash flow forecast and decision in value way so that they could be understood by the persons who will carry it out. It plays a carrying-on role in cash flow management.

现金流量计划是企业现金流量管理的又一重要内容，它要将现金流量预测和决策结果以价值方式，用具体的和现金流量管理人员可以理解的方式详细地表现出来，作为后续管理活动的重要依据，因而它在现金流量管理活动中处于承上启下的地位。

The emphasis of learning the course is to understand that the financial management primary objective is to maximize the value of the firm, and the fundamental determinants of the value of the firm are the magnitude of future cash flows, their timing, and their friskiness.

通过学习，将了解财务管理的最终目的是实现公司价值的最大化，而公司价值的大小主要取决于未来现金流量的多少，取决于获取未来现金流量的时间，取决于未来现金流量的风险。

The positive test draws the following conclusions: control rights is significantly negatively related with firm value which indicates that the bigger control rights the actual controller hold, the lower firm value is; cash flow rights is significantly negatively related with firm value which may due to the ravening share bonus deeds by controlling shareholder; the separation ratio of cash flow rights to control rights is negatively related with firm value and not significant which may due to the ravening share bonus deeds,or the deficient market, or inadequate information exposure etc; stock proportion restriction is significantly positive related with firm value which indicates the good effect of stock proportion restriction; actual controller who participate in the management and the ratio of director who have position in controlling shareholder's company don't pass the significant test; the size of the company is significantly negatively related with firm value; the ROE cannot explain the firm value.

通过实证检验发现，我国金字塔结构下民营上市公司的治理效应有以下特征：控制权与公司价值显著负相关，说明实际控制人掌握的控制权越大，公司价值越低；现金流权与公司价值显著负相关，这可能与我国民营上市公司控股股东的"掠夺性分红"行为有关；现金流权与控制权的分离率和公司价值负相关且未通过显著性检验，这可能与控股股东的"掠夺性分红"行为有关，也可能与市场的不完善、信息披露的不充分等有关；股权制衡度与公司价值显著正相关，说明我国民营上市公司的股权制衡机制能够产生一定程度的效果；实际控制人参与管理情况与在控股股东单位任职的董事比例和公司价值的关系均未通过显著性检验；公司规模与公司价值显著负相关；ROE对公司价值没有解释力。

In addition, the paper give a minuted escription about the two main element--cash flow and the discount ratio of the model .so can know how to apply the model further in enterprise evaluation, of course,any theory including cash flow model is comparative when looked as perfect and the best theory, This approach has many dificult point also when use the model appraise the value of enterprise.

并对这个模型的两大基本要素现金流量和折现率进行了详尽的分析，以便更明确如何运用此模型。当然，任何理论说其比较完整、具有理论意义都是相对而言的，折现现金流量模型也不例外，采用折现现金流量法评估企业价值也存在着难点，此论文对其进行了探讨，使企业价值能更好的得到体现。

Your surrender value will be equal to the bid value of your investment account as at the working day immediately following the receipt of your request for surrender.

现金价值为本公司接获提款申请后翌个工作天计算的投资账户买入值。

The amount available in cash upon cancellation of an insurance policy, usually a whole life policy, before it becomes payable upon death or maturity. Also called cash value or surrender value.

是指投保人中途放弃购买人寿保单时，可从保险公司取回的现金价值部分，其数额相对 www.8t t t8.com 于投保总金额要小，是人寿保险用语。

17When an insurance company pays compensation or insurance money, the client requests for remitting the money to a third party instead of the insured or beneficiary; or the client requests for remitting any insurance premium refunded or cash surrender value to any person other than the insurant.

保险公司支付赔偿金、给付保险金时，客户要求将资金汇往被保险人、受益人以外的第三人；或者客户要求将退还的保险费和保单现金价值汇往投保人以外的其他人。

Another major advantage to permanent life insurance is that it allows you to build up cash value that is tax-deferred.

另一大好处是，它允许永久寿险你建立现金价值就是税务递延。

One of the major benefits of Whole Life Insurance is that you will be able to build cash value on your policy and it will be on a tax-deferred basis.

一个主要的好处是，整个寿险你们能够建立对你的现金价值会在政策和税收递延。

Whole life insurance can be a good long term investment vehicle, especially because the cash value has the potential to grow tax-deferred.

整个寿险可以长期投资的好车尤其是有潜力的现金价值成长税务递延。

In the negative and interrogative forms, of course, this is identical to the non-emphatic forms.

。但是，在否定句或疑问句里，这种带有"do"的方法表达的效果却没有什么强调的意思。

Go down on one's knees;kneel down

屈膝跪下。。。下跪祈祷