Examlex
Which of these word pairs is not related to each other?
Initial Recognition
The first accounting entry for an asset or liability, marking its introduction in the financial statements at its fair value.
Financier Lessor
An entity engaged in the business of leasing out assets, typically providing the finance to purchase the asset which is then leased to the user.
Lease Receivable
An asset representing the right to receive future lease payments from lessees under lease agreements, reflecting the value of the asset leased out.
Operating Leases
Leases in which the lessee obtains the right to use an asset for a short period of time, without assuming the risks and rewards of ownership.
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