Articles tagged with: CASH BACK
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Dear All,
Recently my company has entered into a lease agreement with a leasing company. This lease is for 18 months and we have to pay 18 equal installments and an interest @ 16%. However, we will give to them a loan/security deposit of equivalent principal amount and they will give it back to us also in 18 equal installments @ 15%.
Now my question is what do we call the deposit that we are making. It is certainly not cash as we have no accounts with the leasing company and the …
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