Examlex
A paragraph style sets the ________.
Lease
A contractual arrangement in which a lessee agrees to pay the lessor for the use of an asset for a specified period of time.
Legal
Pertaining to the law or the legal system, encompassing various legal matters, processes, and institutions.
Direct Financing Lease
A leasing arrangement where the lessor purchases an asset and leases it to the lessee, effectively acting as a financier by not transferring ownership.
Operating Lease
An agreement permitting the utilization of a property without transferring ownership rights to it.
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