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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ADD-INS is: a. something designed or intended for use in conjunction with another, e.g. accessories to a primary product in a purchase order; or, b. an accessory software program that extends the capabilities of an existing application.

DISCOUNTED VALUE is the present value of the sum of future payments after they has been discounted back. The higher the discount rate used, the lower the present value of the future sum.

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