Examlex
A renewal strategy is a corporate strategy designed to address organizational weaknesses that are leading to performance decline.
Lease Term
A fixed period during which a lessee has the right to occupy or use a leased asset.
Financial Lease
A type of lease where the lessee has use of an asset through its useful life, often with ownership transferring at the end.
Fully Amortized
Refers to a loan where the principal and interest are paid off completely over the loan term.
Lessor's Cost
The expenses incurred by a lessor (the property owner) when leasing out an asset, including maintenance, taxes, and any other costs related to the asset's upkeep.
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