Examlex
Which of the following functions is performed by texting?
Lessor
A lessor is an entity that leases an asset to another party, known as the lessee, typically under a lease agreement.
Insurance
Insurance is a financial product that provides protection against potential future losses or damages in exchange for a premium payment.
Tax-Oriented Lease
A lease structured in such a way that the lessor can claim tax benefits, such as depreciation and tax credits.
Financial Lease
A type of lease where the lessee pays for an asset over a period of time, and at the end of the lease term the asset typically becomes the lessee's property.
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