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Periodic Lease Rental Payments
Regular payments made by a lessee to a lessor for the use of property, equipment, or vehicles, typically established under a lease agreement.
Direct Financing Lease
A leasing arrangement in which the lessor finances the leased asset, and the lessee's payments are structured to cover the asset's costs and provide a return to the lessor.
Implicit Interest Rate
Refers to the interest rate in a financial transaction that is not explicitly stated but rather implied by the terms of the arrangement.
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