constant rental amount
Defined in 1 place of the United States Code.
The term “constant rental amount” means, with respect to any section 467 rental agreement, the amount which, if paid as of the close of each lease period under the agreement, would result in an aggregate present value equal to the present value of the aggregate payments required under the agreement.
Source
- 1994–present26 U.S.C. § 467Internal Revenue Code · Certain payments for the use of property or services · for purposes of this section