• EPV: Economic Present Value
  • FCF: Free Cash Flow
  • FCF→P / FCF→R / FCF→S: Production / Rent-Seeking / Show & Signaling Uses
FCF→B: Balance-Sheet Use (retention, debt service, reserves, financial buffers)
  • FCF sources: FCF_Produce / FCF_Exchange / FCF_Rent / FCF_Transfer / FCF_Plunder
  • r: overall discount rate
  • r_0: Base Rate of Time Preference (time-preference baseline)
  • r_policy: policy and macro-environment component
  • r_institution: institutional and rule-of-law component
  • r_geo: geopolitical-risk component
  • r_u: uncertainty premium (tail-risk component)
  • r_s: Social Subjective Discount Rate
  • r_psy: Individual Psychological Discount Rate
  • r_decision: Decision-Center Discount Rate (often denoted r_g at the national level)
  • Δr: Scissors Gap (Δr = r_social − r_decision; at the national level, Δr = r_s − r_g)
  • Bus_i: the i-th Capitalization Bus
  • EPV_C / EPV_L / EPV_M / EPV_G / EPV_Low: EPV of consumers / labor / firm capital / government / lower-status groups
  • R / I / S / C: Resource Layer / Industrial Layer / Service & Knowledge Layer / Credit / Constitution (Institutional & Credit Layer)
  • A(t): capability vector [ a_1(t), a_2(t), …, a_n(t) ]
  • Invest_i(t): investment in capability i
  • Context(t): external environment (institutions, technology, industry, and so on)

Generation Domain: the domain before a Formal Bus has formed, where the valuation object itself is still being generated

Capitalization Domain: the domain in which identifiable FCF, Holders, Boundaries, and an r-structure that can be meaningfully specified have formed

Proto-Bus: a candidate Bus that has entered a real experiment and is constrained by an Effective Death Condition, but has not yet met the criteria for a Formal Bus

D: Death Condition; in Declared form, D = { T, Evidence, Exit Rule }

Structural D: a Structural Death Condition formed by real budget constraints such as cash runway, financing constraints, debt service, bankruptcy, and market exit

Declared D: a Declared Death Condition that substitutes for weakened Structural D through an ex ante horizon, evidence threshold, and Exit Rule

A / B / C Validation: Stand-Alone Validation / Support-Backed Validation / Related-Party Validation; the three types of evidence are recorded separately and not merged into a single validation total

Proto-Bus Genealogy Ledger: a ledger preserving the history of hypotheses, validation, Death Conditions, resource consumption, and re-registration

Zombie: a degenerative state after loss of candidate eligibility; the project has lost an Effective Death Condition or has failed to complete necessary validation for a prolonged period, yet continues to occupy resources

Domain Gate (Step 0): the gate before analysis that determines whether an object lies in the Generation Domain, the Capitalization Domain, or a mixed state

—— END OF MAIN TEXT ——