stipulated loss value

English translation: Casualty value

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:stipulated loss value
English translation:Casualty value
Entered by: Fuad Yahya

18:49 Aug 7, 2001
English to English translations [PRO]
Law/Patents
English term or phrase: stipulated loss value
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?
pds
Casualty value
Explanation:
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
Selected response from:

Fuad Yahya
Grading comment
I'm sorry I forgot to grade your reply earlier. Must have slipped my mind! Thanks a bunch... Phil
4 KudoZ points were awarded for this answer



Summary of answers provided
naCasualty value
Fuad Yahya


  

Answers


22 mins
Casualty value


Explanation:
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


    Reference: http://www.sourcecapital.com/glossary.htm
Fuad Yahya
Native speaker of: Native in ArabicArabic, Native in EnglishEnglish
PRO pts in pair: 893
Grading comment
I'm sorry I forgot to grade your reply earlier. Must have slipped my mind! Thanks a bunch... Phil
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