Instructions: Identify the Following Terms

question 17

Short Answer

Instructions: Identify the following terms.
Maria Theresa and Joseph II

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Definitions:

Lessor

The party in a lease agreement who owns the property and has the right to lease it to another party, known as the lessee.

Lessee

an individual or entity who leases or rents property from a lessor, obtaining the right to use it according to the lease terms.

Merchant

An individual or company involved in the trade of goods, services, or commodities for profit.

Fungible

Items or assets that are interchangeable and of such a nature that one part or quantity may replace another equal part in paying a debt or settling a deal.