Actual age:
The
number of years that have elapsed since installation of a new machine; it is
also
known as historical or chronological age.
After-tax income: In
accounting terms, it is the income that remains after meeting the liability of
income tax from taxable income.
Agents in production: Land, labour, capital and entrepreneurship which
create wealth, goods, services and
income.
Amortization: A
process by which a capital invested is recovered by a systematic schedule of
repayment.
Amortization rate: The
ratio of periodic payment to the total capital.
Annuity: An
annual income or a constant income that can be depended upon as expected
within specific time-frame.