In quantitative finance, the terminal value of a financial asset is the present value of its income at a future point in time (called the horizon) of all future cash flows can be estimated.
See also present value.
- Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995.
- Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007.