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Lessor
The party in a lease agreement who owns the leased asset and grants the lessee the right to use that asset in exchange for periodic lease payments.
Deductibility
The ability of an expense or contribution to be subtracted from gross income, reducing the taxable income and tax liability.
Residual Value
The anticipated worth of an asset upon reaching the conclusion of its lifespan.
Leasing
Leasing is a financial arrangement whereby a person or entity uses an asset or property owned by another for a specified period, in exchange for periodic payments.
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