Examlex
Which object would have the largest impact if it were to strike the Earth?
Capital Lease
A type of long-term lease agreement in which the lessee essentially buys an asset and pays for it over the lease term, with the asset's ownership potentially transferring to the lessee at the lease's end.
Bargain Purchase Option
A provision in a leasing contract permitting the lessee to buy the leased item for a price well below the anticipated market value once the lease period concludes.
Present Value
Present value is the current worth of a future sum of money or stream of cash flows, given a specified rate of return, rephrasing the value of future money in today's terms.
Economic Life
The duration during which an asset remains useful and productive for its intended purpose.
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