Examlex
A direct lease is a lease under which the lessee sells an asset for cash to a prospective lessor and then leases back the same asset, making periodic payments for its use.
Simple Interest
Simple interest is a method of calculating interest where the interest charge is based on the original principal amount and does not accumulate or compound over time.
Variable Interest Rate
An interest rate that can fluctuate over time, usually based on underlying economic indicators or indices.
Pay Off
To completely repay the outstanding balance of a loan or debt.
Simple Interest
An interest calculation method where the interest charge is based on the original principal amount of a loan or deposit and does not accumulate or compound.
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