Examlex
There is one set of procedural rules for federal courts and one set for state courts.
Fair Value
What one would earn from selling an asset or what it would cost to shift a liability in a systematic operation with market actors on the appraisal date.
Guaranteed Residual Value
The predetermined value of a leased asset at the end of the lease term, guaranteed by the lessee or a third party.
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.
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