Difference Between Residual Amount & Payoff Amount

Difference Between Residual Amount & Payoff Amount

A leased vehicle's residual amount is its worth at the end of the leased term and factors in depreciation. On the other hand, the payoff amount refers to what you would pay to buy the car before the lease term expires. It factors in the residual value and other charges you owe, including interest.
→ Learn More
Managing Your Money

What Is Revenue? Definition, Types, Formula & Examples

Revenue is the money a company earns from selling its goods and ...more
Managing Your Money

What Is Net Income (NI)? Definition, Formula & How to Calculate

Simply put, net income is the amount of money that is left over when ...more
Managing Your Money

What Is a Stakeholder? Definition, Types & Examples

Stakeholders are all parties concerned that have an interest in your ...more
Managing Your Money

What Are Acccounts Receivable (AR)? Definition, Meaning & Examples

Accounts receivable or "AR" are credit sales. A business has ...more
Managing Your Money

How to Find the Sum of Common Stock on a Balance Sheet

Managing-your-money

Choose the Right ETFs for Your Portfolio.

What Does Subsidized Housing Mean?
Home

What Does Subsidized Housing Mean?

How to Calculate the Sale Price
Home

How to Calculate the Sale Price

Return on Investment (ROI): Definition, Formula & How to Calculate
Managing Your Money

Return on Investment (ROI): Definition, Formula & How to Calculate

Return on Equity (ROE): Formula & What It Is
Managing Your Money

Return on Equity (ROE): Formula & What It Is

More Articles For You

How to Record Closing Entries on the Sale of a Capital Asset
Managing Your Money

How to Record Closing Entries on the Sale of a Capital Asset

Learn More →
Opportunity Cost: Definition, Examples & How to Calculate
Managing Your Money

Opportunity Cost: Definition, Examples & How to Calculate

Learn More →
Mutual Fund Gross vs. Net Expense Ratio
Managing Your Money

Mutual Fund Gross vs. Net Expense Ratio

Learn More →
Marketing Communication Objectives
Managing Your Money

Marketing Communication Objectives

Learn More →
When Is the Marginal Cost Horizontal?
Managing Your Money

When Is the Marginal Cost Horizontal?

Learn More →
Long-Term Debt-to-Equity Ratio Definition
Managing Your Money

Long-Term Debt-to-Equity Ratio Definition

Learn More →
How to Estimate the Value of a Bearer Bond
Managing Your Money

How to Estimate the Value of a Bearer Bond