Examlex
List and describe each of the task environment sectors.
Lessor
A lessor is the party that leases or rents a property or asset to another party, known as the lessee.
Capital Lease
A lease arrangement that is recorded as an asset on the lessee's balance sheet, essentially treated as a purchase of the leased asset for accounting purposes.
Transfer of Ownership
The act of passing the legal title of an asset from one entity or individual to another.
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