In Which Type of Cohabitation Do Two People Make a Long-Term

question 45

Multiple Choice

In which type of cohabitation do two people make a long-term commitment but do not get legally married?

• A) accommodation
• B) substitute marriage cohabitation
• C) dating cohabitation
• D) trial marriage cohabitation

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Definitions:

Financial Lease

A long-term lease agreement where the lessee assumes both the rights and risks of asset ownership, effectively treating it as a purchase for accounting purposes.

Cancellable Without Penalty

This term refers to an agreement or contract that can be ended or cancelled without any financial penalties being incurred by the party seeking to terminate the agreement.

Financial Lease

A long-term, non-cancellable lease contract where the lessee is responsible for maintenance and has the option to acquire ownership at the end of the lease term.

Capital Lease

A lease agreement that allows a lessee to effectively purchase an asset over time through lease payments, characterized by the transfer of ownership rights of the asset from the lessor to the lessee.