Examlex
Thought that arises from personal experiences and perceptions is _____.
Guaranteed Residual Value
The estimated value that a leased asset will have at the end of the lease term, as guaranteed by a third party or the lessee.
Maintenance Agreement
A contract between two parties in which one agrees to maintain an asset owned by the other party, in return for a fee.
Implicit Lease Rate
The interest rate assumed in the calculation of lease payments, not always explicitly stated in the lease agreement.
Discount Rate
The discount rate is the interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows.
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