Examlex
A price ceiling usually results in a surplus and a misallocation of resources.
Operating Lease
A contractual arrangement giving the lessee temporary use of the property, with continued ownership of the property by the lessor.
Capital Lease
A capital lease is a lease agreement that transfers substantially all the risks and benefits of ownership from the lessor to the lessee.
Bargain Purchase Option
A provision in a lease agreement that allows the lessee to purchase the leased asset at a price significantly below its fair market value.
Economic Life
The estimated period over which an asset is expected to be useful in generating revenue or its intended purpose.
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