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What is a free-operant procedure?
Failure to Renew
The situation occurring when a contract, such as a lease or licensing agreement, is not extended or renewed upon its expiration.
Operating Lease
A lease agreement where the lessor retains ownership, and the asset is returned after the lease term ends.
Capital Lease
A lease considered to have the financial characteristics of asset ownership for accounting purposes, often with the lessee assuming the risks and benefits of ownership.
Total Liabilities
The sum of all financial obligations a company owes to outside parties, including loans, accounts payable, mortgages, and other debts.
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