Examlex
When canceling a credit card,you should cut up the card and ____ that you are canceling your account.
Direct Financing Lease
A type of lease arrangement where the lessor purchases the asset for the lessee and finances it, with lease payments designed to cover the cost and provide a return on investment.
Guaranteed Residual Value
The predetermined value of a leased asset at the end of the lease term, which the lessee may have to pay or receive depending on the lease agreement.
Implicit Interest Rate
The interest rate embedded in a lease or loan agreement, discernible through the payment terms but not explicitly stated.
Lease Receivable
The amount of money owed to a lessor under the terms of a lease agreement for the use of an asset.
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