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Fatigue failure:
Maintenance Agreement
A contract between a service provider and a client for the ongoing maintenance and repair of equipment or property.
Implicit Lease Rate
The interest rate assumed in the lease contract that equates the present value of the lease payments and any unguaranteed residual value to the fair value of the asset.
Capitalization
The process of recording an expenditure as an asset on the balance sheet, rather than an expense, allowing its cost to be expensed over time.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations with its short-term assets.
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