Examlex
Which of the following approaches shifts the focus from questions about what a person should do,to a focus on who that person is?
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.
Lessor
The entity in a lease agreement that possesses the asset and allows the lessee to utilize the asset in return for payments of rent.
Break-Even Lease Payment
The break-even lease payment is the lease payment at which the cost of leasing equals the cost of owning, neither gaining nor losing financially over the term of the lease.
CCA Class
In tax terminology, specifically for Canadian taxation, a system categorizing business assets for the purpose of depreciation calculation.
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