Examlex
For children up through about the 3rd grade, a friendly examiner
Lessee
A person or entity that leases an asset from another, obtaining the right to use that asset in exchange for periodic lease payments.
Short Notice
A term indicating that something is happening or is required to happen with minimal warning or preparation time.
Financial Lease
A type of lease where the lessee essentially rents an asset for most of its useful life and the lease terms closely resemble the conditions of outright ownership.
Long-term
Refers to an extended period of time, typically over one year, used in the context of investments, loans, or planning, indicating a focus on future benefits rather than immediate outcomes.
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