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Lease as Asset
An agreement where a lessee gains the right to use an asset for a specified period in exchange for payment, recognized as an asset on the lessee's balance sheet under certain conditions.
Purchase Option
A clause in a contract that allows one party to purchase goods or assets from the other party at a predetermined price within a specified timeframe.
Market Rate of Interest
The prevailing rate at which interest is paid by borrowers for loans or earned by investors in the financial markets.
Face Value
The nominal or original value stated on a security or financial instrument, such as a bond or stock, at the time of its issue.
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