COST-OF-LIVING LEASE Definition

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COST-OF-LIVING LEASE is a lease where yearly increases are tied to the cost of living index.

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TOTAL CURRENT LIABILITIES is the total of notes payable-short term, current maturities-LTD, trade payables, income taxes payable, and all other current liabilities.

DEBT COVENANT is one of many terms used to describe rules governing the loans that a company has outstanding. Other related phrases would be "loan terms" "credit agreement," "loan agreement."

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