6% largely due to the higher mix of insurance and leasing business, longer rental periods and continued high competition in the business.
What does RP stand for?
RP stands for Rental Period
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of RP
We have 105 other meanings of RP in our Acronym Attic
- Relief Pitcher (baseball)
- Remaining Party
- Remedial Project
- Remington-Peters (ammunition headstamp)
- Remittance Processor
- Remote Pickup
- Remote Presence
- Ren Pin
- Rendezvous Point (networking)
- Renewable Process
Samples in periodicals archive:
Accommodations were deemed used on a transient basis if the rental period was normally less than 30 days.
A rental agreement has increasing or decreasing rent if during the lease term the annualized fixed rent allocated to any rental period exceeds the annualized fixed rent allocated to any other rental period.
Although the three rental periods combined bring in more than renting the units on a monthly basis, Garr said, the costs are high.
If any rental payments are due after the end of a rental period, interest must be attributed to these payments on a present value basis; as such, a portion of the lease payments may be recharacterized as interest over the lease term.