Word Finder - revaluation

definition

The process of altering the relative value of a currency or other standard of exchange.

example

After the new party took power, the government declared a revaluation of the currency in an attempt to limit runaway inflation.

definition

A reassessment of the value or worth of something; a reappraisal or reevaluation.

example

After the soldiers raided her farm for supplies, she was forced to a revaluation of their benefit as protectors.

definition

The application of compound growth to the value of a pension benefit, specifically from the date of the member leaving the scheme (for example, moving to a different employer) to the date that the member starts receiving the benefit (typically retirement).

After the reconstruction under Diocletian at the end of the 3rd century A.D., fifteen years (the indictio) - though probably used as early as the time of Hadrian - was recognized as the period for revaluation.

The statement requires that the provision established should have regard to the manner in which the revaluation surplus will be realized.

After the passing of the act (1886) the Crofters' Commission in 15 years considered applications for rent and revaluation of holdings which amounted to £82,790, and fixed the fair rent at £61,233, or an annual reduction of £21,557; of arrears of rent amounting to £184,962 they cancelled £124,180, and also assigned 4 8, 949 acres in enlargement of holdings.

Constructing the volatility smile is vital to backoffice revaluation.