Examlex
Which of the following is not a style of the Pennsylvania System of corrections
Capital Lease
A lease agreement that transfers substantially all the risks and benefits of ownership to the lessee, effectively treated as a purchase by the lessee.
Unguaranteed Residual Value
The estimated future value of an asset at the end of its lease term that is not guaranteed by the lessee or a third party.
Lease Obligation
A financial commitment to make future payments under a lease agreement.
Sales-leaseback Transaction
A financial arrangement where one sells an asset and immediately leases it back from the buyer, effectively freeing up cash while retaining the use of the asset.
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