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Capitalized Lease
A lease agreement accounted for as an asset and liability on the balance sheet, indicating ownership-like characteristics.
Lessee
The party in a lease agreement who obtains the right to use an asset in exchange for periodic lease payments.
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.
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