Examlex
A budget performance report compares actual results with the budgeted amounts and reports differences for possible investigation.
Leasehold
An interest in an asset that gives the holder the right to use it for a specified period of time, typically relating to property or land.
Lessor
The party in a lease agreement who owns the asset and grants the lessee the right to use the asset for a specified period.
Lessee
The party in a lease agreement who uses or occupies the leased asset and is obligated to pay the lease payment to the lessor.
Amortization
The method of slowly amortizing the original expense of an intangible asset throughout a specified duration.
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