Absolute Physical Life

Definition:

The period of use after which an asset has deteriorated to such an extent that it can no longer be used.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Minimum maintenance

The lowest required equity level that must be held with a broker in a margin account. See: margin call.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio