Examlex
The following table from the World Health Organization shows the cumulative number of severe acute respiratory syndrome (SARS) cases reported on certain dates in 2003: Use extrapolation to estimate the number of cases reported on April 18.
Sales-Type Leases
Leases where the lessor recognizes immediate profit on the transaction, similar to a sale, typically in equipment or vehicle leasing.
Direct-Financing Leases
Direct-Financing Leases are lease agreements where the lessor essentially acts as a financier, purchasing an asset and leasing it to the lessee, without assuming risk of ownership.
Capital Lease
A lease classified as a financial transaction where the lessee effectively buys an asset and finances it over the lease term.
Operating Lease
An agreement that permits the utilization of an asset without owning it, usually with a shorter duration than a finance lease.
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