1. Time to come. 2. Something that will exist or happen in the time to come. 3. Perception of the future is postulated as a possibility. 4. A condition, especially of success or failure, in the time to come. 5. Some scientists propose that time is not linear and that the past, present, and future all coexist simultaneously and are ever present. For example, if you looked down on the universe, we would see time and events spread out in all directions.
1. The state of being scarce or in short supply; shortage, dearth, paucity. 2. An economic principle where resources are limited and human needs are insatiable. Even with technological advances, there are never enough resources to satisfy the ever-increasing demand, therefore, sacrifice requires giving up something, or making tradeoffs in order to obtain more of what is wanted. Competition for scarce resources is driven by the market, where prices are one way to allocate scarce resources. The tension between available resources and the money to pay for them drives people to compete to make money. Both money and time are scarce resources. Most people have too little of one, the other, or both. An unemployed person may have an abundance of time and find it difficult to pay rent. A successful executive may be financially capable of retiring whenever they want, yet eat five-minute lunches and work 20 hours a day! Other people have very little time or money. The ideal is to have an abundance of time and money, however very few people achieve it.
The state or condition of having limited actual or perceived discretionary time. This may include being money-rich, time-poor, or money-poor, time-poor. The time-is-money attitude values money over other less “productive” or aesthetic aspects of life. A society that values work, efficiency, business, money, and materialism can develop high levels of material wealth at the expense of happiness, creativity, philosophy, spirituality and relationships. Overscheduled and overworked is a classic symptom of low-quality time as well as a person’s inability to take vacations, enjoy leisure time, waste time, or relax. You could say they are wound up like a clock!
The value of money with a given amount of interest earned or inflation accrued over a specific amount of time. This is the central concept in finance theory, which suggests that a certain amount of money today, has a different value, or buying power than the same amount of money in the future. This principle is twofold; there is an opportunity to earn interest on the money and because inflation will cause prices to go up, thus changing the “value” of the money.
There are four primary reasons money has time value:
- Risk and Uncertainty: The future is always uncertain and therefore risky. Outflows of cash are in our control as payments have to be made by us. On the other hand, there is no certainty of future cash inflows, therefore the preference is for receiving cash now.
- Inflation: In inflationary economies, money that is received today has more purchasing power than money to be received at a future date. In other words, a dollar today represents a greater real purchasing power than a dollar a year’s time.
- Consumption: Most people prefer consumption today over future consumption.
- Investment Opportunity: An investor can profitably employ money received today in order to receive a higher value tomorrow.
1. The time when something happens or is done especially when it is thought of as having a good or bad effect on the result. 2. The ability to choose the best moment for some action, movement, etc. 3. The ability of a performer, esp. in comedy, to deliver lines, react, cut in, etc., at whatever tempo will create the desired effect. 4. The practice of investing financial assets to certain asset classes, sectors, countries, etc. to take advantage of short-term opportunities. Market timing is an active, research-based strategy vs the buy-and-hold strategy which focuses on longer timeframes.