Examlex
The sequence of actions performed using various GIS layers and tools is referred to as:
Financial Leases
Long-term leases that effectively transfer the risks and rewards of ownership from the lessor to the lessee, almost like a loan arrangement.
Amortized
Refers to the process of gradually writing off the initial cost of an asset over a period.
Capitalized
Expenses or costs that are recorded as an asset on a balance sheet rather than an expense, to be amortized or depreciated over time.
Financial Lease
A financial lease is a lease agreement where the lessee assumes both the ownership risks and rewards of the leased asset, typically for its useful life.
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