Examlex
The definition of crime that states that crime is an intentional act in violation of the criminal law, committed without defense or excuse, and penalized by the state as a felony or misdemeanor is the ____________ definition of crime.
Lessee
A lessee is a person or entity who rents land or property from a lessor under the terms of a lease.
Lessor
An entity or individual that rents out an asset or property to another party, known as the lessee.
Tax Rate
A percentage at which an individual or corporation is taxed.
Residual Value
The estimated value of an asset at the end of its useful life, important in calculating depreciation and lease contracts.
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