Net advantage to leasing
Net advantage to leasing (also known by its acronym, NAL) is the dollar value of the lease to the lessee. It is, in a sense, the net present value of leasing versus owning.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Net advantage to leasing (NAL). The dollar value of the lease to the lessee. It is, in a sense, the net present value of leasing versus owning.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
