Examlex
Select the word that is spelled correctly.
Capital Lease
A lease classified by lessees as an asset purchase, indicating that the lessee effectively has control over the asset during the lease term.
Interest Revenue
Income earned from deposit accounts or investments through the interest paid by the borrower to the lender.
Incremental Borrowing Rate
The interest rate a lessee would have to pay if borrowing over a similar term, and with similar security, the funds necessary to lease or purchase an asset.
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