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Proponents of voucher systems argue that vouchers
GAAP
Generally Accepted Accounting Principles, a collection of commonly followed accounting rules and standards for financial reporting in the United States.
Lease Classification
The process of categorizing leases as either operating leases or finance (capital) leases based on criteria that affect the lessee's financial statements.
Leveraged Lease
A financing arrangement where the lessor uses borrowed funds to acquire an asset which is then leased to a lessee, allowing for tax benefits and risk distribution.
Sales-type Lease
A lease agreement where the lessor effectively sells the asset to the lessee, recognizing profit or loss at the lease's inception.
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