Examlex
In case of a strict liability it is often difficult for injured parties to prove negligence and the defenses of manufacturers are often very effective.
Lessees Disclosure
Information that lessees are required to make known, typically relating to the rights and obligations arising from leasing arrangements per accounting standards.
Initial Direct Costs
Expenses directly associated with obtaining a financing agreement or leasing contract.
Lease Expense
The cost incurred from leasing an asset, recognized in the income statement over the lease term as an operating expense for operating leases or as depreciation and interest for finance leases.
Defined Benefit Plan
A type of pension plan in which an employer promises a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age.
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