Economic life (Useful life): The period of time during which leased equipment is useful and maintains value.Fair market purchase option: An option to purchase leased equipment at the end of the lease term at its prevailing fair market value.Finance lease: A finance lease is a full-payout, noncancelable agreement in which the lessee is responsible for maintenance, taxes and insurance.Operating lease: Any lease that is not a capital lease. This is generally used for a short-term equipment lease. The lessee can acquire equipment for a fraction of its useful life. Additional services such as maintenance and insurance may be provided by the lessor. Present value: The current equivalent value of payments or the stream of future payments. The present value will vary with interest rates applied to future payments.Purchase option: A provision in which a lessee has the right to purchase the equipment at the end of the lease for a specified amount or fair market value. Source: Equipment Leasing Association Related content brandpost Sponsored by G42 Understanding the impact of AI on society, environment and economy By Jane Chan Dec 03, 2023 4 mins Artificial Intelligence opinion Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe