Examlex
Mind mapping allows people to write and even draw pictures of ideas in a nonlinear format.
MACRS 3-Year Class
A category under the Modified Accelerated Cost Recovery System (MACRS) for depreciating certain types of business property over three years.
Amortized
Amortization is the process of spreading out a loan into a series of fixed payments over time, covering both principal and interest.
Residual Value
The estimated value of an asset at the end of its useful life.
Lease Terms
The conditions under which a lease will be granted, including duration, payment intervals, fees, restrictions, and penalties.
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