Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-feminism
Executory Costs
Executory costs are the ongoing operating expenses in a lease agreement, such as insurance, maintenance, and property taxes, usually borne by the lessee.
Capital Lease
A lease treated as an acquisition of an asset and the incurrence of an obligation on the lessee's balance sheet, indicating a purchase and financing arrangement.
Lease Liability
An obligation representing the present value of future lease payments under a non-cancellable lease.
Operating Lease
A lease agreement that allows for the use of an asset but does not transfer ownership of the asset to the lessee, often with shorter terms.
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