Which Two Statements Below Best Capture the Dual Meaning of Parole

question 1

Multiple Choice

Which two statements below best capture the dual meaning of parole?

• A) Parole is the conditional release of an offender from incarceration after part of the prison sentence has been served.
• B) Parole is the required discharge of an inmate to conditional supervision.
• C) Parole is when an offender spends a period of time under supervision in the community.
• D) a and b
• E) a and c
• F) b and c

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Definitions:

Implicit Interest Rate

The interest rate that equates the present value of lease payments to the fair value of the leased asset, often used in lease agreements.

Capital Lease

A lease agreement that is considered a purchase by the lessee because of its terms, such as a bargain purchase option, which allow for the transfer of ownership over the asset's life.

Residual Value

The estimated value of an asset at the end of its useful life.

Capital Lease

A lease classified by lessees as an asset purchase, indicating that the lessee effectively has control over the asset during the lease term.