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Residual Value
The estimated value of an asset at the end of its useful life, reflecting what it could be sold for or its salvage value.
Lessor
An entity or individual that leases or rents property or assets to a lessee.
Lessee
The entity that obtains the right to use an asset under a lease agreement from the lessor.
Uses the Asset
Refers to how an asset is employed within a business or investment strategy to generate returns or benefits.
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