Examlex
A decrease in long-term notes payable would mean:
Future Lease Payments
The amounts due over the lease term for the use of an asset.
Salvage Value
The estimated value that an asset will realize upon its sale at the end of its useful life.
Captive Finance Company
A subsidiary whose primary purpose is to provide financing to customers buying the parent company's product, facilitating purchases and increasing sales.
Direct Leasing
A lease arrangement where the lessor purchases the asset and rents it directly to the lessee without involving intermediaries.
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