Examlex
The refractive power of a lens used as a magnifying glass is negative.
Purchase Price
The amount paid to buy a good, service, or financial asset.
Off-Balance Sheet Lease Financing
Off-balance sheet lease financing involves leasing arrangements that are not recorded on a company's balance sheet, potentially making a company's financial condition appear stronger than it actually is.
Debt Ratio
A metric assessing a firm's leverage, determined by dividing its total liabilities by its total assets.
Lessee
A lessee is an individual or entity that leases an asset from another party, called the lessor, under the terms of a lease agreement.
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