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Explanation: (e.e. immaterieller Anlagewert. Differenz zwischen Ertragswert bzw. Gesamtwert e_r Unternehmung und der Summe der Zeitwerte des bilanzierten Nettoverügens: The capitalized value of potential earnings in excess of the book value of a company's net worth ... etc. -- (Schäfer, Wirtschaftswörterbuch ISBN3 8006 18532)
Don't worry, almost no one else fully understands this either, except that the business may be worth more (or less) than its momentary book value depending on how much its customer like it etc. -- CEO's can catually borrow a lot of money (e.g. to restructure ) on that basis.
relevant business experience and See above
Tom Funke Local time: 05:32 Native speaker of: English PRO pts in category: 4