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Value for money

VFM is the term used to assess whether or not an organisation has obtained the maximum benefit from the goods and services it acquires

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Related terms

value for money
Tourism & hospitality; Travel services

VFM is the term used to assess whether or not an organisation has obtained the maximum benefit from the goods and services it acquires

value for money
Business administration; Business management

A term used, particularly in the public sector, to denote the benefit derived from a particular expenditure for a particular purpose.

time value of money
Economy; Economics

The idea that a dollar today is worth more than a dollar in the future, because the dollar in the hand today can earn interest during the time until the future dollar is received.

time value of money
Economy; Economics

The fact that a dollar today is worth more than a dollar in the future is called the time value of money.

time value of money
Financial services; General Finance

The idea that a dollar today is worth more than a dollar in the future, because the dollar received today can earn interest up until the time the future dollar is received.

value for money (VFM)
Business administration; Business management

A term used, particularly in the public sector, to denote the benefit derived from a particular expenditure for a particular purpose.

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