Depreciated Replacement Cost (DRC)
Replacement cost today minus all loss in value.
Depreciation
Spreading a tangible asset's cost over its useful life.
Derivative
A contract whose value depends on another price, rate or variable.
Discount for Lack of Control (DLOC)
A reduction because the interest cannot control the business.
Discount for Lack of Marketability (DLOM)
A reduction because the interest is hard to sell.