Examlex
What is the abbreviation for a null hypothesis?
Capital Lease
A lease treated like a purchase by the lessee in accounting, meaning the leased asset is included on the balance sheet, and the corresponding lease obligation is treated as a liability.
Operating Lease
A lease agreement that allows for the use of an asset but does not convey rights of ownership to the lessee.
GAAP
GAAP (Generally Accepted Accounting Principles) is a collection of commonly-followed accounting rules and standards for financial reporting.
Capital Lease
A lease agreement in which the lessee gains ownership or a substantial portion of the rights to the asset by the end of the lease term, treated as a purchase in accounting.
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