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How did Locke distinguish between primary and secondary qualities?
Executory Costs
Operating expenses associated with a lease, including insurance, maintenance, and taxes, usually assumed by the lessee.
Guaranteed Residual Value
The minimum value guaranteed to the lessor or the lessee regarding the value of an asset at the end of a lease term.
Initial Direct Costs
The expenses directly associated with acquiring or originating a new loan or lease, which may include legal fees, processing fees, and commission payments.
Lease Capitalization
The process of recognizing and recording a lease as an asset and a liability on the balance sheet, reflecting its long-term nature.
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