Examlex
Eating is initiated by the:
Lessor Classification
Refers to criteria used by lessors to determine whether a lease should be classified as a finance lease or an operating lease.
Nonrecourse Financing
A loan where the lender's only recourse in case of default is to seize the collateral securing the loan, with no further claim on the borrower's assets.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board for global use.
GAAP
The standard framework of guidelines for financial accounting employed within any specific jurisdiction, known as Generally Accepted Accounting Principles.
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