Capital
Maintenance in Units of Constant Purchasing Power (CMUCPP) is
the maintenance of the constant purchasing power of capital - capital being
equal to the real value of net assets - for an indefinite period
of time at all levels of inflation and deflation in entities that at least
break even in real value – ceteris
paribus – in units of constant purchasing power in terms of an index that
recognizes all - normally daily - changes in the general price level.
Updated on 13-05-2013Nicolaas Smith
Copyright (c) 2005-2013 Nicolaas J Smith. All rights reserved. No reproduction without permission.
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