A Non-Linear Benefit Stream refers to a situation where a stream of future benefits (incomes or cash flows) trend at varying, rather than, constant rate. If historical trends in income or cash flows are not linear, they offer reasons to suggest that future incomes or cash flows will not trend in a stable fashion giving reasons for analysts to forecast future benefit streams to follow a non-linear path. Because of the complex dynamics of real life, business valuators, most often, apply non-linear rather than linear benefit streams by varying underlying assumptions which are unlikely to remain constant over a forecast period. In business valuation analysis the type of benefit stream applied by the valuator will depend on the specific interest being valued such as an equity interest, invested capital, intangible asset, tangible asset, liquidation value, etc. In addition to the type, the nature of the interest being valued informs the valuator which specific benefit streams is most relevant.