Examlex
Because prolonged incarceration can reduce inmates' capacity to function outside of prison,some states have temporary release programs that allow inmates to enter the community for work,study,or other purposes.Do you think these programs are effective in reducing recidivism rates? Why or why not?
Bargain Purchase Option
A lease agreement provision allowing the lessee to purchase the leased asset at a price significantly lower than its expected fair market value at the end of the lease term.
Long-term Liability
A long-term liability is a financial obligation of a company that is due beyond one year, such as bonds payable, long-term leases, and pension obligations.
Capital Lease Obligations
Long-term lease agreements that are recorded as assets on a company's balance sheet, effectively treating the lease as a purchase of the asset.
Current Portion
The portion of long-term liabilities that is due to be paid within the next twelve months.
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