The EAA method calculates a project's constant annual cash flow equivalent to its total value over the lifespan, useful for comparing projects with unequal lives.
The financial term 'Erosion' refers to the gradual decrease in value, profits, or sales within a company over time, often likened to a slow, subtle tide washing away a beach.
Estoppel is a legal principle that prevents someone from arguing something or asserting a right that contradicts what they previously said or agreed to.