Examlex
The __________ had its roots in the ARPANET project.
Residual Value Guarantees
Promises made by lessees to lessors that the asset being leased will have a certain value at the end of the lease term.
Lessors
Parties that lease or rent out assets to lessees in exchange for periodic payments.
Leased Assets
Assets that are used by an entity under the terms of a lease agreement, which entails periodic payments for a specified time.
Operating Leases
Lease agreements for a shorter period than the asset's useful life, where the lessee does not assume the risks and rewards of ownership.
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