Examlex
Briefly explain the process of securitizing mortgages.
Financial Leases
A type of lease where the lessee has use of the asset for a significant portion of its useful life, and the lease terms closely resemble the conditions of outright ownership.
Capitalized
To be capitalized means to record an expense as an asset on the balance sheet rather than an immediate expenditure, spreading its impact over its useful life.
Lease Obligations
Financial commitments arising from lease agreements, which may include future lease payments for rented equipment or property.
Coupon Rate
The rate of interest paid yearly on a bond, represented as a percentage of its face value.
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