Examlex
All of the following are available under the HO-3 contract except:
Present Value
The present worth of a future amount of money or series of cash flows, considering a certain interest rate.
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.
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