Examlex
suppose the variables x and y represent real numbers, and Write the statement in good English without using any variables in your answer.
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Lessor
The owner of an asset who leases it to another party, known as the lessee, under a lease agreement.
Lessee
An individual or entity that leases an asset from another, the lessor, under the terms of a lease agreement.
Lease Agreement
A contract between two parties where one, the lessor, provides an asset for use to the other, the lessee, for a specific period in exchange for periodic payments.
Financial Leases
Long-term leases that transfer substantially all the risks and rewards of ownership of the asset to the lessee, similar to finance purchases.
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