Examlex
Which of the following software license models allows a developer to modify the original code and release its own version of the application?
Lease Rate
The cost of leasing a tangible or intangible asset, often expressed as a payment amount per period.
Implicit Rate
The interest rate implied by the lease payments in a leasing agreement, used in lease accounting to calculate the present value of lease payments.
Non-Cancelable Lease
A lease agreement that cannot be terminated before its expiration date by either the lessee or the lessor without incurring penalties.
Economic Life
The estimated period over which an asset is expected to be economically useful to its owner or the duration it can generate revenue, beyond which it is not cost-effective to operate.
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