Money Factor definition

Money Factor is the method used by a Lease Provider to indicate the amount of interest charged on a Lease, and is usually equal to the annual percentage rate (APR) divided by 2,400. “Monthly Lease Payment” is the payment made by the Authorized User to the Lease Provider each month during the Lease Term. “Normal Wear and Tear” shall be as defined by the Lease Provider in the Lease.
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Examples of Money Factor in a sentence

  • Such detailed breakdown shall include, as applicable, the Lease Provider Acquisition Fee, Vehicle Capitalized Cost, Residual Value Percentage, Vehicle Residual Value, Vehicle Depreciation Amount, and Money Factor.

Related to Money Factor

  • Load factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Class Factor As to any date of determination and any Combinable Class, the then current Class Factor for the Related REMIC Class. As to any date of determination and any RCR Class, a fraction the numerator of which is the sum of the then current Class Balances of

  • Power Factor means the ratio of usage power measured in kW to total power measured in kVA;