Examlex
Any selection procedure that has an adverse impact is deemed discriminatory by the UGESP unless it has been shown to be valid.
Depreciation Expense
An accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.
Residual Value Guarantee
A commitment to ensure that an asset will have a specified value at the end of its lease term.
Present Value
The present value of a future amount of money or series of cash flows, calculated using a given interest rate.
Minimum Lease Payments
The lowest amount that a lessee is expected to pay over the lease term for the right to use an asset.
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