Examlex
The articles of incorporation determine who has the power to amend the corporate bylaws after the first organizational meeting.
Unearned Interest: Leases
Interest that has been collected on a lease but not yet earned, often because the period it covers has not fully elapsed.
Present Value Factors
Numeric factors used in calculating the present value of future cash flows, reflecting the time value of money.
Interest Revenue
Income earned from investments in interest-bearing assets like bonds, loans, and savings accounts.
Bargain Purchase Option
An option in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease term for a price significantly lower than the expected fair market value.
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