Examlex
Constructive discharge exists when an:
Operating Lease
A lease agreement that allows for the use of an asset but does not convey rights of ownership of the asset.
Financial Lease
A long-term lease agreement that allows the lessee to use an asset while essentially assuming both the risks and benefits of ownership.
Lessor
The owner of an asset in a leasing agreement. The lessor receives payments from the lessee.
Insure
The act of protecting against loss, damage, or liability through a contract with an insurance company that compensates the insured in the event of specified types of loss.
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