Examlex
How does interbank foreign exchange trading work? What is being traded in the interbank part of the foreign exchange markets? What functions does it serve?
Lease Term
The fixed, non-cancellable period during which a lessee has the right to use an asset, plus any options to extend or terminate the lease if reasonably certain to be exercised.
Lease Criteria
The conditions and standards that a contract must meet for it to be classified as a lease under accounting standards.
Incremental Borrowing Rate
The interest rate a lessee would have to pay to borrow on a collateralized basis over a similar term to lease a similar asset, relevant in lease accounting.
Capital Lease
A lease agreement that has the characteristics of a purchase agreement, where the lessee assumes most of the risks and rewards of ownership.
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