Examlex
The IRS can attempt to collect taxes owed on a consolidated return from any of the members of the consolidated group.
Present Value Interest Factors
A factor that is used to determine the present value of a future sum or series of future payments, discounted at a specific interest rate.
Guaranteed Residual Value
The predetermined value at which a leased asset is guaranteed to be valued at the end of the lease term, affecting lease payments and accounting.
Maintenance Agreement
A contract between a vendor and a customer stipulating regular maintenance services and support over a specified period.
Implicit Lease Rate
An inferred interest rate in a lease agreement, calculated from the lease payments, the fair value of the leased asset, and the residual value.
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