"At current rate levels, one basis point on $100 million is worth about $90,000 in present value terms," he said.

"They're earning exactly the same in real value terms as they did in the 1960's."

These are all value terms and point to valuing activities.

Thus, both approaches must cost the same in present value terms.

However, in value terms, some 20 per cent of British exports are flown.

You will probably find the ratio is 50:50 in value terms between Corporate and consumer.

By the mid-seventeenth century English families owned approximately one-third of the town in value terms.

Market share dropped by 1.9pc in value terms and 2.1pc in overall sales volumes.

In actual value terms, this movement accounted for about 5-6% of total sales of quartz watches.

Some people thought and believed had it been scored on different value terms, that Arona would've clearly won the fight.