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Operating Lease
A lease agreement allowing for the use of an asset without ownership, typically with shorter terms than a finance lease.
Residual Value
The projected valuation of an asset at the completion of its operational life.
Capital Lease
A lease agreement that has the characteristics of a purchase agreement, where the lessee assumes some risks and benefits of ownership.
Direct Lease
A rental agreement directly between the landlord and tenant, excluding any subleasing arrangements.
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