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Osteitis:
Operating Lease
A contract that allows for the use of an asset but does not convey ownership rights of the asset to the lessee.
Risk Of Obsolescence
The risk that a product or service becomes outdated and undesired due to new technologies or changes in consumer preferences.
Lessor
The party in a lease agreement who owns the property and grants another party, the lessee, the right to use it for a specific period in exchange for payment.
Lessee
A lessee is an individual or entity that leases an asset or property from another party, known as the lessor.
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