Examlex
Which of the following is a drawback of privatization of government functions?
Direct Financing Lease
A type of lease where the lessor effectively transfers all the risks and rewards incidental to ownership to the lessee without transferring legal ownership.
Sales-Type Lease
A lease agreement where the lessor recognizes immediate profit similar to a sale, often used in the context of finance leases in accounting.
Unearned Interest: Leases
Interest that has been collected on a lease but not yet earned, often because the period it covers has not fully elapsed.
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