Examlex
Distinguish between a drug's "therapeutic index" and its "therapeutic window" (assuming the latter applies).
NPV
Net Present Value, a calculation used to determine the present value of an investment by the sum of its future cash flows minus the initial investment.
Leveraged Lease
A financial arrangement in which a lessor uses borrowed funds to purchase an asset and then leases the asset to a lessee, who pays lease payments that cover the lessor's financing cost and provide a return.
Long-term Lease
A contractual agreement between a lessor and lessee for the use of an asset for a long period, typically exceeding one year.
Nonrecourse Basis
A financing arrangement where the lender can only seize the collateral securing a loan and cannot seek further compensation from the borrower, even if the collateral does not cover the full value of the defaulted amount.
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