A symbol usually written to the right and above an expression to indicate particular mathematical operations. For example, 62 means 6 × 6, or six squared. Fractional exponents indicate inverse operations; for example, an exponent of 1/2 signifies a square root. Exponents are also called powers. Valuation models make use of the following properties of exponents: A number raised to the exponent 0 is always 1.00; zero raised to any power is zero; any number raised to the power 1 is itself. Negative numbers cannot have exponents less than 1.
« Back to Glossary Index« Back to Glossary Index