Glossary entry (derived from question below)
English term or phrase:
stipulated loss value
English answer:
Casualty value
Added to glossary by
Fuad Yahya
Aug 7, 2001 18:49
22 yrs ago
2 viewers *
English term
stipulated loss value
English
Law/Patents
xxx will have the right to terminate the lease and reacquire the equipment by paying an early termination sum (stipulated loss value)>
= loss in value?
= loss in value?
Responses
| 0 | Casualty value |
Fuad Yahya
|
Responses
22 mins
Selected
Casualty value
This definition is from the web page of Source Capital Corporation:
http://www.sourcecapital.com/glossary.htm
Casualty value: A predetermined amount of money that a lessee guarantees the lessor will receive in the event of an equipment casualty loss during the lease term. Generally expressed as a percentage of original cost, the value varies according to the point in time during the lease term that the loss occurs. It is also referred to as a "stipulated loss value."
Fuad
http://www.sourcecapital.com/glossary.htm
Casualty value: A predetermined amount of money that a lessee guarantees the lessor will receive in the event of an equipment casualty loss during the lease term. Generally expressed as a percentage of original cost, the value varies according to the point in time during the lease term that the loss occurs. It is also referred to as a "stipulated loss value."
Fuad
Reference:
4 KudoZ points awarded for this answer.
Comment: "I'm sorry I forgot to grade your reply earlier. Must have slipped my mind! Thanks a bunch... Phil "
Something went wrong...