24-5-16.5-1. "Adjusted or net capitalized cost"

IN Code § 24-5-16.5-1 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 1. As used in this chapter, "adjusted or net capitalized cost" means the capitalized cost, less any capitalized cost reduction payments made by a retail lessee at the inception of a lease agreement. The adjusted or net capitalized cost is the basis for calculating the amount of a retail lessee's periodic payment under a lease agreement.

As added by P.L.151-2015, SEC.80.