ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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PROJECTION is an approximation of future events. Usually a projection is made by extrapolating known information into the future period, considering events that could affect the outcome. See FORECAST, BUDGET.
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CUT-OFF YIELD, in securities, is the yield at which or below which the bids are accepted.
MEDIUM TERM usually encompasses a calendar of 2-3 years or less.