Examlex
Which of the following terms is broadest in its meaning?
Operating Lease
A lease agreement allowing a company to use an asset without the risks of ownership, like an asset's obsolescence.
Lessee
The party in a lease agreement who receives the right to use an asset from the lessor in exchange for payment.
Lessor
An entity or individual that leases an asset to a lessee, retaining ownership of the asset while granting usage rights for a specified period under agreed conditions.
Lessee
The party that is granted the right to use an asset for a specified period through a lease agreement.
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