Business / Finance / Investment Letter: A letter of intent between the issuer of new securities and the buyer, in the private placement of these new securities. The letter of intent establishes that the securities are being bought for a minimum time period and are treated as an investment, not for resale. If no such letter exists, the securities must be registered with Securities and Exchange Commission.
Business / Finance / Net Investment Income Per Share: Income received by an investment company from dividends and interest on investments less administrative expenses, divided by the number of outstanding shares. MORE
Business / Finance / Net Present Value Of Future Investments: The present value of the total sum of NPVs expected to result from all of the firm's future investments. MORE