Examlex
Which of these did not exist as an executive cabinet department when the new government began?
Finance Leases
Leasing agreements that transfer substantially all risks and rewards of ownership of the asset from the lessor to the lessee.
Contractual Agreement
A legally binding contract specifying the terms and conditions under which parties agree to perform certain actions.
Note Principal
The original amount of money borrowed or the amount still owed on a loan, separate from interest.
Interest Expense
The cost incurred by an entity for borrowed funds, often expressed as a percentage of the principal.
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