Examlex
ATP is best described as
Direct-Financing Leases
Direct-Financing Leases are lease agreements where the lessor essentially acts as a financier, purchasing an asset and leasing it to the lessee, without assuming risk of ownership.
Capital Lease
A lease classified as a financial transaction where the lessee effectively buys an asset and finances it over the lease term.
Operating Lease
An agreement that permits the utilization of an asset without owning it, usually with a shorter duration than a finance lease.
Fair Value
What one would earn from selling an asset or what it would cost to shift a liability in a systematic operation with market actors on the appraisal date.
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