Examlex
An example of secondary succession is:
Capital Lease
A lease agreement that is classified as a purchase by the lessee for accounting purposes, because it transfers substantially all the risks and rewards of ownership.
Present Value
The current worth of a future sum of money or stream of cash flows, given a specified rate of return.
Lease Payments
Periodic payments made by a lessee to a lessor for the use of an asset over a specified lease term.
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